Fountain House Inc
Fountain House Inc. shows strong asset growth and fluctuating revenue, with no reported officer compensation.
EIN: 131624009 · New York, NY · NTEE: F330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70.8M |
| Total Expenses | $36.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $70,848,271 |
| Net Assets | $59.1M |
| Transparency Score | 85/100 |
Is Fountain House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fountain House Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fountain House Inc
Fountain House Inc (EIN: 131624009) is a nonprofit organization based in New York, NY, classified under NTEE code F330. The organization reported total revenue of $70.8M and total assets of $76.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fountain House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fountain House Inc is a major nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $33.7M |
| Total Expenses | $36.1M |
| Surplus / Deficit | $-2,454,865 |
| Total Assets | $68.1M |
| Total Liabilities | $9.0M |
| Net Assets | $59.1M |
| Operating Margin | -7.3% |
| Debt-to-Asset Ratio | 13.2% |
| Months of Reserves | 22.6 months |
Financial Health Grade: B
In 2023, Fountain House Inc reported a deficit of $2.5M with expenses exceeding revenue, holds 22.6 months of operating reserves (strong position), has a debt-to-asset ratio of 13.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fountain House Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.6% | +20.7% | +1.9% |
| 2022 | +82.3% | +21.6% | +13.8% |
| 2021 | +0.0% | +14.1% | +9.1% |
| 2020 | +12.9% | +4.6% | -3.1% |
| 2019 | -29.5% | +3.1% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fountain House Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Fountain House Inc allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.2%.
Executive Compensation Analysis
The provided data consistently reports 0% for Officer Compensation across all available filing periods, which is unusual for an organization of this size with $70,848,271 in latest revenue and $76,102,143 in assets. This either indicates that executive leadership is entirely volunteer-based, or that compensation is categorized differently within the IRS 990, requiring deeper scrutiny for a full understanding of executive remuneration.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fountain House Inc's IRS 990 filings:
- 0% Officer Compensation reported across all filings, which is unusual for an organization of this size and could indicate a lack of transparency in reporting executive pay.
- Expenses ($36,134,843) exceeded revenue ($33,679,978) in the 202306 period, indicating a potential operational deficit for that year.
Strengths
The following positive indicators were identified for Fountain House Inc:
- Strong asset base, with assets growing to $76,102,143 in the latest filing, indicating robust financial health.
- Significant revenue growth over the past decade, demonstrating increasing support and operational capacity.
- Consistent filing history (13 filings) suggests a commitment to regulatory compliance and transparency.
- Liabilities are well-managed and represent a relatively small portion of total assets, indicating good financial stewardship.
Frequently Asked Questions about Fountain House Inc
Is Fountain House Inc a legitimate charity?
Fountain House Inc (EIN: 131624009) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $70.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Fountain House Inc spend its money?
Fountain House Inc directs 80% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Fountain House Inc tax-deductible?
Fountain House Inc is registered as a tax-exempt nonprofit (EIN: 131624009). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fountain House Inc CEO make?
Fountain House Inc's highest-compensated officer earns $70,848,271 annually. The organization reported $70.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fountain House Inc's spending goes to programs?
Fountain House Inc directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fountain House Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fountain House Inc is above average for NTEE category F330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fountain House Inc located?
Fountain House Inc is headquartered in New York, New York and files with the IRS under EIN 131624009. It is classified under NTEE code F330.
How many years of IRS 990 filings does Fountain House Inc have?
Fountain House Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $70.8M in total revenue.
Is Fountain House Inc. financially stable?
Yes, Fountain House Inc. appears financially stable, evidenced by its substantial assets of $76,102,143 and a history of managing liabilities effectively. While there was a period in 2023 where expenses exceeded revenue, the overall trend shows strong asset growth and significant revenue generation.
How has Fountain House Inc.'s revenue trended over time?
Fountain House Inc.'s revenue has shown significant growth, particularly from $20,482,633 in 2017 to a peak of $45,908,012 in 2022, before a slight decrease to $33,679,978 in 2023. The latest reported revenue is $70,848,271, indicating continued strong financial intake.
What is the organization's approach to executive compensation?
Based on the provided IRS 990 data, Officer Compensation is consistently reported as 0% across all filing periods. This suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which would require further investigation of the full 990 forms.
Filing History
IRS 990 filing history for Fountain House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fountain House Inc's revenue has grown by 96.8%, moving from $17.1M to $33.7M. Total assets increased by 72.4% over the same period, from $39.5M to $68.1M. Total functional expenses rose by 108%, from $17.4M to $36.1M. In its most recent filing year (2023), Fountain House Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $9.0M in liabilities against $68.1M in assets (debt-to-asset ratio: 13.2%), resulting in net assets of $59.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $33.7M | $36.1M | $68.1M | $9.0M | — | View 990 |
| 2022 | $45.9M | $29.9M | $66.8M | $6.0M | — | View 990 |
| 2021 | $25.2M | $24.6M | $58.7M | $9.0M | — | — |
| 2020 | $25.2M | $21.6M | $53.8M | $8.8M | — | — |
| 2019 | $22.3M | $20.6M | $55.5M | $11.2M | — | View 990 |
| 2018 | $31.6M | $20.0M | $54.0M | $8.6M | — | View 990 |
| 2017 | $20.5M | $20.2M | $42.6M | $9.7M | — | View 990 |
| 2016 | $18.2M | $19.7M | $40.3M | $12.7M | — | View 990 |
| 2015 | $17.7M | $19.3M | $42.2M | $9.7M | — | View 990 |
| 2014 | $18.5M | $18.1M | $42.4M | $6.1M | — | View 990 |
| 2013 | $17.3M | $17.6M | $41.9M | $7.8M | — | View 990 |
| 2012 | $17.8M | $17.2M | $38.9M | $8.7M | — | View 990 |
| 2011 | $17.1M | $17.4M | $39.5M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $33.7M, expenses of $36.1M, and assets of $68.1M (revenue -26.6% year-over-year).
- 2022: Revenue of $45.9M, expenses of $29.9M, and assets of $66.8M (revenue +82.3% year-over-year).
- 2021: Revenue of $25.2M, expenses of $24.6M, and assets of $58.7M (revenue +0.0% year-over-year).
- 2020: Revenue of $25.2M, expenses of $21.6M, and assets of $53.8M (revenue +12.9% year-over-year).
- 2019: Revenue of $22.3M, expenses of $20.6M, and assets of $55.5M (revenue -29.5% year-over-year).
- 2018: Revenue of $31.6M, expenses of $20.0M, and assets of $54.0M (revenue +54.3% year-over-year).
- 2017: Revenue of $20.5M, expenses of $20.2M, and assets of $42.6M (revenue +12.5% year-over-year).
- 2016: Revenue of $18.2M, expenses of $19.7M, and assets of $40.3M (revenue +3.0% year-over-year).
- 2015: Revenue of $17.7M, expenses of $19.3M, and assets of $42.2M (revenue -4.6% year-over-year).
- 2014: Revenue of $18.5M, expenses of $18.1M, and assets of $42.4M (revenue +7.1% year-over-year).
- 2013: Revenue of $17.3M, expenses of $17.6M, and assets of $41.9M (revenue -3.0% year-over-year).
- 2012: Revenue of $17.8M, expenses of $17.2M, and assets of $38.9M (revenue +4.1% year-over-year).
- 2011: Revenue of $17.1M, expenses of $17.4M, and assets of $39.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fountain House Inc:
Data Sources and Methodology
This transparency report for Fountain House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.