Fireweed Housing Development Inc

Analysis

Fireweed Housing Development Inc is a registered charity in United States, based in Wasilla, AK. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fireweed Housing Development Inc reported income of $272k and spending of $362k, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $262k to $272k (+3.9%), an average of +1.0% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fireweed Housing Development Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within AK. Charities of a similar size with the same main cause include Wondermore Inc ($272k), Putnam History Museum ($273k) and Orem Community Foundation ($272k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.0m against liabilities of $3.5m, net assets of -$2.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.