Foothills Housing Corporation

Analysis

Foothills Housing Corporation is a registered charity in United States, based in Warrenton, VA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. 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, Foothills Housing Corporation reported income of $3.7m and spending of $3.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.7m (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foothills Housing Corporation sits at the 90th percentile: it is larger than about 90% 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 Make a Wish Foundation of Eastern North Carolina Inc ($3.7m), Pennsylvania Economy League Inc ($3.7m) and Habitat for Humanity International Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Other salaries and wages came to $559k. At year end it held assets of $16.5m against liabilities of $13.9m, net assets of $2.6m. It reported 5 employees.