FV Services Inc

Analysis

FV Services Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FV Services Inc reported income of $5.8m and spending of $5.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $5.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, FV Services Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Caritas Communities Inc ($5.8m), Bridge Housing Corporation - Southern California ($5.8m) and Poverello Center Inc ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $608k (10% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $5.0m against liabilities of $7.0m, net assets of -$2.0m. It reported 1,389 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.