HFCC Inc

Analysis

HFCC Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, HFCC Inc reported income of $11.8m and spending of $1.8m, leaving 84% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $11.8m (+907%), an average of +116% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HFCC Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include New Hope Housing Inc ($11.8m), Forkids Inc ($11.8m) and Habitat for Humanity Tucson Inc ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $119k (6.5% of expenses). Other salaries and wages came to $433k. It paid $55k in professional fundraising fees. At year end it held assets of $24.2m against liabilities of $2.9m, net assets of $21.3m. It reported 17 employees.