Foundation Communities Inc
3000 S Ih-35 Ste 300, Austin, TX · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $50,038,857 | $34,144,476 | $187,070,795 |
| FY2023 | $41,254,625 | $30,230,380 | $171,176,414 |
| FY2022 | $44,338,510 | $27,216,921 | $160,152,169 |
| FY2021 | $44,085,347 | $25,514,683 | $143,030,580 |
| FY2020 | $31,007,217 | $22,592,505 | $124,459,916 |
| FY2019 | $35,381,833 | $20,604,333 | $116,045,204 |
| FY2018 | $18,146,351 | $17,288,917 | $101,267,704 |
| FY2017 | $25,096,298 | $15,802,251 | $100,410,270 |
| FY2016 | $28,647,038 | $14,266,736 | $91,116,223 |
| FY2015 | $21,258,060 | $13,464,214 | $76,735,921 |
| FY2014 | $20,166,242 | $11,830,510 | $68,942,075 |
| FY2013 | $12,512,653 | $10,319,406 | $60,606,343 |
| FY2012 | $13,161,626 | $7,444,351 | $51,805,096 |
| FY2011 | $12,737,792 | $5,873,068 | $42,611,687 |
Form 990 filings
The returns filed by Foundation Communities Inc (EIN 74-2563260), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $31,297,900 | 63% |
| Program service revenue | $13,269,413 | 27% |
| Other revenue | $5,471,544 | 11% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $28,940,398 | 85% |
| Management & general | $3,926,104 | 11% |
| Fundraising | $1,277,974 | 4% |
What the numbers show
- Contributions & grants made up 63% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 11%, and fundraising 4%.
- 85% of functional expenses went to program services in FY2024. That is higher than 36.2% of 47 Housing & Shelter organizations in TX.
- Net assets covered about 65.7 months of expenses at the end of the reporting year. That puts it in the 84th percentile among 1003 Housing & Shelter organizations in TX.
- Total revenue was higher than 99.6% of 1029 Housing & Shelter organizations in TX.
- Total revenue rose from $12,737,792 in FY2011 to $50,038,857 in FY2024. Revenue increased in 8 and decreased in 5 of 13 year-over-year comparisons.
- Revenue covered expenses in each of the 14 reported years, FY2011 to FY2024.
- Net assets grew from $42,611,687 to $187,070,795 between FY2011 and FY2024.
- Contributions and grants made up 54% of revenue in FY2011 and 63% in FY2024.
- Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
CREATING HOUSING WHERE FAMILIES SUCCEED. AFFORDABLE HOUSING WITH SUPPORTIVE SOCIAL SERVICES TO EDUCATE, SUPPORT AND IMPROVE THE FINANCIAL STANDING OF THE WORKING POOR AND THEIR COMMUNITIES.
IRS status
| Ruling year | 1990 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L20Z — Housing & Shelter (in TX) |
| Donations | Listed in the IRS Publication 78 data as a central organization with a group exemption; its subordinate units may also be eligible. |
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- Austin Affordable Housing Corporation — Austin, TX · $46,613,937
- Presbyterian Village North Forefront Living — Dallas, TX · $58,972,161
- Buckner Senior Living Inc — Dallas, TX · $40,586,243
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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