Access Foundation Corp

Analysis

Access Foundation Corp is a registered charity in United States, based in Saint George, UT. It received its IRS tax-exemption ruling in August 2018, 8 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, Access Foundation Corp reported income of $713k and spending of $933k, spending 131% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $223k to $713k (+219%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Access Foundation Corp sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within UT. Charities of a similar size with the same main cause include East Chinatown Housing Development Fund Company Inc ($713k), Gainesville Housing Corporation ($714k) and Ekklesia Inc ($713k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $224k. At year end it held assets of $3.2m against liabilities of $3.6m, net assets of -$459k. It reported 5 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.