Famco

Analysis

Famco is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2024, Famco reported income of $548k and spending of $547k, spending 100% of its income. Across the 6 years on record, from March 2019 to March 2024, income fell from $4.0m to $548k (-86%), an average of -33% a year. The sharpest change came in the year to March 2023, when income rose by 1374%. Over the whole period it spent 13% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Famco sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include 25 School Street Inc ($548k), Central Delaware Housing Collaborative ($549k) and Southcoast Fair Housing Inc ($548k).

At year end it held assets of $18.2m against liabilities of $469k, net assets of $17.7m.