Fancy Farm Elderly Housing Corporation II

Analysis

Fancy Farm Elderly Housing Corporation II is a registered charity in United States, based in Fancy Farm, KY. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, Fancy Farm Elderly Housing Corporation II reported income of $100k and spending of $94k, spending 94% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $78k to $100k (+28%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fancy Farm Elderly Housing Corporation II sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within KY. Charities of a similar size with the same main cause include Willows at Melvin Place ($100k), Pendlove ($100k) and Bell Tower North Inc ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. At year end it held assets of $203k against liabilities of $345k, net assets of -$142k.