FSL Rural Development

Analysis

FSL Rural Development is a registered charity in United States, based in Phoenix, AZ. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FSL Rural Development reported income of $1.6m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.6m (+6.6%), an average of +1.6% a year. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, FSL Rural Development sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Springboard Collaborative Inc ($1.6m), Cornerstone of Topeka Inc ($1.6m) and Interfaith Hospitality Network of Washtenaw County Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 94% of the total. Other salaries and wages came to $245k. At year end it held assets of $8.8m against liabilities of $5.0m, net assets of $3.8m. It reported 16 employees.