FSL Real Estate Services

Analysis

FSL Real Estate Services is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FSL Real Estate Services reported income of $1.3m and spending of $2.6m, spending 199% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $1.3m (-48%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 61%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, FSL Real Estate Services 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 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include All Children Learn Differently School ($1.3m), Pine Valley Bible Conference ($1.3m) and Task Force Pineapple Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $178k (6.8% of expenses). Other salaries and wages came to $983k. At year end it held assets of $24.3m against liabilities of $20.3m, net assets of $4.0m. It reported 19 employees.