FS Home Owners Foundation Inc

Analysis

FS Home Owners Foundation Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 January 2024, FS Home Owners Foundation Inc reported income of $150k and spending of $119k, leaving 20% of income unspent that year. Across the 2 years on record, from January 2023 to January 2024, income fell from $412k to $150k (-64%), an average of -64% a year. The sharpest change came in the year to January 2024, when income dropped by 64%. Over the whole period it spent 21% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, FS Home Owners Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within CT. Charities of a similar size with the same main cause include Coastline Legacy Inc ($150k), Afrikids ($150k) and Sweetwater Outreach Inc ($150k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $431 (0.4% of expenses). At year end it held assets of $454k against liabilities of $0, net assets of $454k.