Friends of the Homeless Inc

Analysis

Friends of the Homeless Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1983, 43 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 June 2023, Friends of the Homeless Inc reported income of $54k and spending of $5,541, leaving 90% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $253k to $54k (-79%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 83%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Friends of the Homeless Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within OH. Charities of a similar size with the same main cause include Gainesville Nonprofit Development Foundation Inc ($53k), Ross Creek Housing Phase II Inc ($54k) and Share-A-Vision Co Inc ($53k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $604k against liabilities of $189k, net assets of $415k.