Homes for the Homeless

Analysis

Homes for the Homeless is a registered charity in United States, based in Universal Cty, TX. It received its IRS tax-exemption ruling in February 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homes for the Homeless reported income of $377k and spending of $50k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $377k (+1033%), an average of +1032% a year. The sharpest change came in the year to December 2023, when income rose by 1033%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homes for the Homeless sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include USA Swimming Inc ($377k), Coville Bay Inc ($377k) and North Tahoe Arts Inc ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.6% of the total. At year end it held assets of $711k against liabilities of $0, net assets of $711k.