Favorhouse of Northwest Florida Inc

Analysis

Favorhouse of Northwest Florida Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in May 1981, 45 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 June 2023, Favorhouse of Northwest Florida Inc reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.8m (-1.1%), an average of -0.4% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Favorhouse of Northwest Florida Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Ywam Pneuma Springs ($1.8m), Revel ($1.8m) and Ellendale Fire Co Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $105k, net assets of $1.2m. It reported 29 employees.