The Homeless Families Foundation

Analysis

The Homeless Families Foundation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 1986, 40 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, The Homeless Families Foundation reported income of $9.8m and spending of $9.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $9.8m (+211%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Homeless Families Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Jovenes Inc ($9.8m), Senior Citizens United Community Services of Camden County Inc ($9.9m) and Woodhaven of Livonia ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $170k (1.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $4.9m against liabilities of $1.7m, net assets of $3.2m. It reported 103 employees.