Florin Housing Corporation

Analysis

Florin Housing Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1995, 31 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florin Housing Corporation reported income of $94k and spending of $101k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $411k to $94k (-77%), an average of -39% a year. The sharpest change came in the year to December 2022, when income rose by 643%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Florin Housing Corporation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include Little League Baseball Inc ($94k), Wreathsforthefallen-Org ($94k) and New York City Post S a M E Scholarship Fund Inc ($94k).

At year end it held assets of $161k against liabilities of $7.7m, net assets of -$7.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.