Family Scholar House Inc

Analysis

Family Scholar House Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 1996, 30 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 2022, Family Scholar House Inc reported income of $2.9m and spending of $2.9m, spending 97% of its income. Across the 4 years on record, from June 2020 to December 2022, income grew from $2.9m to $2.9m (+2.3%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Scholar House 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 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Seven Oaks Community Homes ($2.9m), Opportunities for Housing Resources and Assistance Inc ($3.0m) and Ahc Inc ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 87% and program service revenue 9.4% of the total. Compensation of current officers, directors and key employees was $337k (12% of expenses). Other salaries and wages came to $963k. At year end it held assets of $18.8m against liabilities of $2.3m, net assets of $16.5m. It reported 56 employees.