Foundation Property Management Inc

Analysis

Foundation Property Management Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Foundation Property Management Inc reported income of $14.5m and spending of $22.1m, spending 152% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.3m to $14.5m (-16%), an average of -4.3% a year. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation Property Management Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Battelle Education ($14.5m), Freedom Reads ($14.5m) and Rochester Presbyterian Home Inc ($14.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $550k (2.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $1.2m against liabilities of $31.2m, net assets of -$30.1m. It reported 37 employees.

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.