Mike Foye Home Inc

Analysis

Mike Foye Home Inc is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in October 1965, 61 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 (gross receipts test) under section 501(c)(3).

In the financial year ending June 2024, Mike Foye Home Inc reported income of $301k and spending of $219k, leaving 27% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $210k to $301k (+43%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mike Foye Home Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Leeway-Putnam Housing Corp ($301k), Glendale Senior Housing Corporation ($301k) and Bethel Foundation ($301k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 73% and program service revenue 26% of the total. Other salaries and wages came to $22k. At year end it held assets of $356k against liabilities of $26k, net assets of $330k.