The Temple Foundation Inc

Analysis

The Temple Foundation Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in August 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 December 2023, The Temple Foundation Inc reported income of $2.8m and spending of $3.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.1m to $2.8m (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 72%. Over the whole period it spent 228% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Temple Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Puertorriguenos Asociados for Community Organization Inc ($2.8m), Hope Housing Foundation ($2.8m) and Valley Residential Services Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $187k (6.3% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.6m against liabilities of $2.0m, net assets of $1.6m. It reported 60 employees.