Foster Arizona Housing Project

Analysis

Foster Arizona Housing Project is a registered charity in United States, based in Mesa, AZ. 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, Foster Arizona Housing Project reported income of $80k and spending of $80k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $80k (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foster Arizona Housing Project sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within AZ. Charities of a similar size with the same main cause include Corning Senior Apartments ($80k), D&b Affordable Housing Inc ($80k) and Share IX Inc ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $21k against liabilities of $1,261, net assets of $19k.