Faine House Inc

Analysis

Faine House Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Faine House Inc reported income of $1.7m and spending of $294k, leaving 82% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $625k to $1.7m (+168%), an average of +39% a year. The sharpest change came in the year to June 2024, when income rose by 235%. Over the whole period it spent 27% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faine House Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Skywatchtv Corporation ($1.7m), Family of Care Real Estate Holding Co Inc ($1.7m) and Family Refuge Center Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 1.1% of the total. Other salaries and wages came to $89k. At year end it held assets of $2.5m against liabilities of $694, net assets of $2.5m. It reported 3 employees.