Homes for Families

Analysis

Homes for Families is a registered charity in United States, based in Woodland HLS, CA. It received its IRS tax-exemption ruling in October 2014, 12 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, Homes for Families reported income of $7.3m and spending of $7.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $7.3m (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 190%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for Families 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 94th percentile within CA. Charities of a similar size with the same main cause include Leap Inc ($7.3m), Habitat for Humanity International Inc ($7.3m) and Amigos Del Valle Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Other salaries and wages came to $220k. At year end it held assets of $14.4m against liabilities of $11.2m, net assets of $3.1m. It reported 14 employees.