CFH Inc

Analysis

CFH Inc is a registered charity in United States, based in Manassas, VA. It received its IRS tax-exemption ruling in March 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, CFH Inc reported income of $2.0m and spending of $1.3m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $2.0m (+45%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CFH Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Asian Business Institute and Resource Center ($2.0m), Smart Development Inc ($2.0m) and Community Development Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Other salaries and wages came to $357k. At year end it held assets of $6.4m against liabilities of $4.4m, net assets of $2.1m.