Foundation Homes Inc

Analysis

Foundation Homes Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2021, 5 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, Foundation Homes Inc reported income of $68k and spending of $49k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $68k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foundation Homes Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within NV. Charities of a similar size with the same main cause include Greystone Homes for Elderly Inc ($68k), LSS Housing Eau Claire Inc ($68k) and Bunk House Shelter Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $322k against liabilities of $187k, net assets of $134k.