FSWP GL III Inc

Analysis

FSWP GL III Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FSWP GL III Inc reported income of $58k and spending of $76k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $51k to $58k (+12%), an average of +3.0% a year. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, FSWP GL III Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Silverado Creek Housing Inc ($57k), Wallace Place NFP ($58k) and Athens Woods Estate Inc ($57k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $6,846. At year end it held assets of $361k against liabilities of $54k, net assets of $307k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.