Fellowship Square Foundation Incorporated

Analysis

Fellowship Square Foundation Incorporated is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in July 1966, 60 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fellowship Square Foundation Incorporated reported income of $3.6m and spending of $6.6m, spending 184% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $3.6m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2020, when income rose by 78%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fellowship Square Foundation Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Northaven Inc ($3.6m), Orange County Senior Living Incorporated ($3.6m) and Housing America Corporation ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.7% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $195k (3.0% of expenses). Other salaries and wages came to $568k. At year end it held assets of $22.7m against liabilities of $4.3m, net assets of $18.4m. It reported 12 employees.