FF Realty Corporation

Analysis

FF Realty Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, FF Realty Corporation reported income of $200k and spending of $914k, spending 456% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $429k to $200k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 33%. Over the whole period it spent 184% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, FF Realty Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within RI. Charities of a similar size with the same main cause include Castleton Community Seniors Inc ($200k), World Academy of Development ($200k) and Rainy Day Ranch ($200k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $15.7m against liabilities of $15.6m, net assets of $125k.

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.