Faulding Hotel Inc

Analysis

Faulding Hotel Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in January 1990, 36 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, Faulding Hotel Inc reported income of $981k and spending of $1.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $823k to $981k (+19%), an average of +4.5% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Faulding Hotel Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Champions Community Foundation Inc ($981k), Fort Hudson Residences Inc ($981k) and Covenant Neighborhoods Inc ($981k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.3% and program service revenue 91% of the total. Other salaries and wages came to $256k. At year end it held assets of $1.1m against liabilities of $4.4m, net assets of -$3.3m. It reported 14 employees.

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.