Foundation Communities
3000 S Ih-35 Suite 300, Austin, TX · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $39,300,431 | $33,386,256 | -$24,259,027 |
| FY2023 | $25,916,885 | $26,233,144 | -$30,173,202 |
| FY2022 | $24,735,536 | $25,393,485 | -$29,856,943 |
| FY2021 | $25,689,954 | $24,364,521 | -$29,198,994 |
| FY2020 | $22,441,458 | $23,573,716 | -$30,524,427 |
| FY2018 | $21,823,510 | $22,500,973 | -$21,413,883 |
| FY2017 | $21,379,615 | $22,737,238 | -$20,736,420 |
| FY2016 | $18,854,922 | $20,080,727 | -$13,345,268 |
| FY2015 | $18,691,506 | $19,426,930 | -$17,324,082 |
| FY2014 | $17,918,310 | $19,722,486 | -$16,591,658 |
| FY2013 | $19,103,393 | $19,156,296 | -$14,790,482 |
| FY2012 | $14,487,220 | $15,496,431 | -$8,075,313 |
| FY2011 | $13,609,193 | $14,510,169 | -$3,589,968 |
Form 990 filings
The returns filed by Foundation Communities (EIN 74-2678601), 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 | $13,017,048 | 33% |
| Program service revenue | $25,998,764 | 66% |
| Other revenue | $284,619 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $33,386,256 | 100% |
| Management & general | $0 | 0% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 66% of total revenue in FY2024.
- Program services accounted for 100% of functional expenses, management & general 0%, and fundraising 0%.
- 100% of functional expenses went to program services in FY2024. That is higher than 97.9% of 47 Housing & Shelter organizations in TX.
- Net assets covered about -8.7 months of expenses at the end of the reporting year. That puts it in the 7th percentile among 1003 Housing & Shelter organizations in TX.
- Total revenue was higher than 99.3% of 1029 Housing & Shelter organizations in TX.
- Total revenue rose from $13,609,193 in FY2011 to $39,300,431 in FY2024. Revenue increased in 10 and decreased in 2 of 12 year-over-year comparisons.
- Expenses exceeded revenue in 11 of 13 reported years (FY2011, FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2020, FY2022, FY2023).
- Net assets declined from -$3,589,968 to -$24,259,027 between FY2011 and FY2024.
- Contributions and grants made up 17% of revenue in FY2011 and 33% in FY2024.
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) | L200 — Housing & Shelter (in TX) |
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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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