Fig Solutions

Analysis

Fig Solutions is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in July 2020, 6 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 September 2023, Fig Solutions reported income of $330k and spending of $244k, leaving 26% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $128k to $330k (+158%), an average of +158% a year. The sharpest change came in the year to September 2023, when income rose by 158%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fig Solutions sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include SNHS Pittsburg Elderly Housing Inc ($330k), Milwaukee Protestant Home Inc ($331k) and Help the Needy ($330k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 67% of the total. At year end it held assets of $506k against liabilities of $445k, net assets of $61k.