Finnish-American Home Association

Analysis

Finnish-American Home Association is a registered charity in United States, based in Sonoma, CA. It received its IRS tax-exemption ruling in June 1972, 54 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Finnish-American Home Association reported income of $556k and spending of $560k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $368k to $556k (+51%), an average of +11% a year. The sharpest change came in the year to September 2023, when income rose by 59%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Finnish-American Home Association sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Message Ministries and Missions Inc ($556k), Keren Yeshua Vreiza Inc ($556k) and Blue Star Counseling and Wellness Inc ($555k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 5.2% and program service revenue 52% of the total. Other salaries and wages came to $230k. At year end it held assets of $3.8m against liabilities of $2.2m, net assets of $1.6m. It reported 6 employees.