Homes for Children Corporation

Analysis

Homes for Children Corporation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in January 2009, 17 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, Homes for Children Corporation reported income of $847k and spending of $154k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2018 to December 2023, income grew from $337k to $847k (+151%), an average of +151% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 15% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes for Children Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Creative Kids Learning Academy III Inc ($847k), Espanola Pathways Shelter ($847k) and Creative Living Inc ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $693k against liabilities of $0, net assets of $693k.