Operation Finally Home

Analysis

Operation Finally Home is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Operation Finally Home reported income of $7.3m and spending of $6.9m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $7.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Operation Finally Home sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Lucha Contra El Sida Inc ($7.3m), Park Place RHF Housing ($7.3m) and Central New Mexico Housing Corporation ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $323k (4.7% of expenses). Other salaries and wages came to $615k. It paid $1.5m in professional fundraising fees. At year end it held assets of $6.3m against liabilities of $831k, net assets of $5.4m. It reported 12 employees.