Finding Home Institute

Analysis

Finding Home Institute is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Finding Home Institute reported income of $59k and spending of $51k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $59k (+15%), an average of +15% a year. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Finding Home Institute sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Retiremens Club of Astoria ($59k), Gallastar Equine Center Inc ($59k) and Least of These Ministries ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. At year end it held assets of $27k against liabilities of $2,401, net assets of $24k.