City of Fairfax Renaissance Housing Corporation

Analysis

City of Fairfax Renaissance Housing Corporation is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in March 2002, 24 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 2024, City of Fairfax Renaissance Housing Corporation reported income of $799k and spending of $332k, leaving 58% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1,937 to $799k (+41152%), an average of +351% a year. The sharpest change came in the year to June 2021, when income rose by 10404%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, City of Fairfax Renaissance Housing Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include The Salvation Army Philadelphia Booth Manor Inc ($799k), Agsten Homes Inc ($800k) and Stability First Inc ($799k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. At year end it held assets of $1.3m against liabilities of $33k, net assets of $1.3m.