Assurance Home Foundation Inc

Analysis

Assurance Home Foundation Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in June 1986, 40 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 June 2024, Assurance Home Foundation Inc reported income of $311k and spending of $73k, leaving 77% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $183k to $311k (+70%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 800%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Assurance Home Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NM. Charities of a similar size with the same main cause include Meals on Wheels Cleveland West ($311k), Kerr County Young Mens Christian Association ($311k) and Abington Township Police Pension Association ($311k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 13% of the total. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m.