Of Home Family and Future Inc

Analysis

Of Home Family and Future Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Of Home Family and Future Inc reported income of $243k and spending of $297k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $167k to $243k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 149% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Of Home Family and Future Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Meals on Wheels of Somerset County Inc ($243k), The QC Family Tree Inc ($243k) and Garner Area Ministries Inc ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $125k (42% of expenses). At year end it held assets of $948k against liabilities of $8,267, net assets of $939k. It reported 1 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.