Homeless Childrens Education Fund

Analysis

Homeless Childrens Education Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Homeless Childrens Education Fund reported income of $1.5m and spending of $1.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $786k to $1.5m (+93%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Homeless Childrens Education Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include South Central Community Foundation ($1.5m), Autism Action Partnership ($1.5m) and Northeastern Wisconsin Area Health Education Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $686k. At year end it held assets of $3.2m against liabilities of $174k, net assets of $3.1m. It reported 12 employees.