Frontier Housing Inc

Analysis

Frontier Housing Inc is a registered charity in United States, based in Morehead, KY. It received its IRS tax-exemption ruling in August 1975, 51 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 March 2023, Frontier Housing Inc reported income of $2.5m and spending of $2.4m, spending 97% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.1m to $2.5m (+136%), an average of +24% a year. The sharpest change came in the year to March 2022, when income rose by 59%. 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, Frontier Housing Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Hancock Shaker Village Inc ($2.5m), Insulating Glass Certification Council Inc ($2.5m) and Reproductive Technologies Inc ($2.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $69k. At year end it held assets of $17.8m against liabilities of $7.3m, net assets of $10.5m. It reported 5 employees.