Front Porch Communities and Services

Analysis

Front Porch Communities and Services is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in October 1998, 28 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), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Front Porch Communities and Services reported income of $381.3m and spending of $382.6m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $162.8m to $381.3m (+134%), an average of +24% a year. The sharpest change came in the year to March 2023, when income rose by 94%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Front Porch Communities and Services sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Metropolitan Boston Housing Partnership Inc ($359.4m), Foundation for Affordable Rental Housing Holdings Inc ($569.6m) and Mosaic ($352.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $7.6m (2.0% of expenses). Other salaries and wages came to $124.7m. At year end it held assets of $1.52bn against liabilities of $875.9m, net assets of $644.6m. It reported 3,582 employees.