Firm Foundation Community Housing

Analysis

Firm Foundation Community Housing is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in July 2019, 7 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 (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, Firm Foundation Community Housing reported income of $10.6m and spending of $11.0m, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $10.6m (+5051%), an average of +272% a year. The sharpest change came in the year to December 2022, when income rose by 1517%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Firm Foundation Community Housing sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Many Mansions a California Non Profit Corporation ($10.6m), Southeast Grand St Guild HDF Co Inc Residential Management Assoc Inc ($10.6m) and The Housing Fund Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $153k (1.4% of expenses). Other salaries and wages came to $431k. It paid $29k in professional fundraising fees. At year end it held assets of $5.3m against liabilities of $4.4m, net assets of $939k. It reported 5 employees.