First Community Housing

Analysis

First Community Housing is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in October 1986, 40 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 December 2023, First Community Housing reported income of $23.1m and spending of $10.6m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $23.1m (+680%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 596%. Over the whole period it spent 174% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, First Community Housing sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Suncoast Manor Retirement Community Inc ($23.1m), Chicago & Vicinity Laborers ($23.1m) and National Association of Independent Schools Inc ($23.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $964k (9.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $51.8m against liabilities of $61.1m, net assets of -$9.2m. It reported 26 employees.