Funders Together to End Homelessnes S Inc

Analysis

Funders Together to End Homelessnes S Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2010, 16 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, Funders Together to End Homelessnes S Inc reported income of $2.8m and spending of $2.0m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $898k to $2.8m (+216%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 84%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Funders Together to End Homelessnes S Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Little Voices Early Care and Education ($2.8m), Young Mens Christian Association of Norwich ($2.8m) and Community Action Partnership for Dutchess County Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $236k (12% of expenses). Other salaries and wages came to $561k. At year end it held assets of $3.4m against liabilities of $101k, net assets of $3.3m. It reported 8 employees.