FCHC Virginia Community Development Corporation

Analysis

FCHC Virginia Community Development Corporation is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in July 1982, 44 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 December 2023, FCHC Virginia Community Development Corporation reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, FCHC Virginia Community Development Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Leisure Acres Phase II Housing Corporation ($1.9m), Gardena South Park Senior Project Inc ($1.9m) and Ecoworks ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $274k (15% of expenses). Other salaries and wages came to $238k. At year end it held assets of $7.6m against liabilities of $7.0m, net assets of $611k. It reported 1 employees.