Homefull

Analysis

Homefull is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in January 1989, 37 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, Homefull reported income of $22.0m and spending of $14.0m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $22.0m (+306%), an average of +42% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homefull sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Terwilliger Plaza Inc ($22.0m), Wayzata Bay Senior Housing Inc ($22.0m) and St Christophers Inc ($21.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $244k (1.7% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $15.6m against liabilities of $8.9m, net assets of $6.7m. It reported 121 employees.