Front Porch Housing

Analysis

Front Porch Housing is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in August 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, Front Porch Housing reported income of $3.1m and spending of $3.5m, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.7m to $3.1m (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Front Porch Housing sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Good News Mission Inc ($3.1m), Homestretch Nonprofit Housing Corporation ($3.1m) and Sheffield Place ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $16.7m against liabilities of $17.6m, net assets of -$897k.