Fern House Inc

Analysis

Fern House Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in May 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fern House Inc reported income of $944k and spending of $703k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $861k to $944k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fern House Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Andromeda Community Initiative Inc ($943k), LDM Community Developmentcorporation ($944k) and Hudson Valley Day Care Center Inc ($943k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $81k (11% of expenses). Other salaries and wages came to $109k. At year end it held assets of $4.5m against liabilities of $290k, net assets of $4.2m. It reported 3 employees.