Ivan V Fosheim House Foundation

Analysis

Ivan V Fosheim House Foundation is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2023, Ivan V Fosheim House Foundation reported income of $92k and spending of $88k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $89k to $92k (+3.1%), an average of +3.1% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ivan V Fosheim House Foundation sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 30th percentile within AK. Charities of a similar size with the same main cause include St Mary Conference ($92k), Redemption Housing Inc ($92k) and Jackson Lane Apartments Incorporated ($92k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $138k against liabilities of $26k, net assets of $111k.