Foley Housing Partners LLC

Analysis

Foley Housing Partners LLC is a registered charity in United States, based in Foley, AL. It received its IRS tax-exemption ruling in October 2022, 4 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, Foley Housing Partners LLC reported income of $175k and spending of $227k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $307k to $175k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foley Housing Partners LLC sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within AL. Charities of a similar size with the same main cause include Wilson Street Aprtments Inc ($175k), William Tuke Apartments Inc ($175k) and Mid-Peninsula Greenridge Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $34k. At year end it held assets of $338k against liabilities of $5,299, net assets of $332k.