Homes for Life Foundation

Analysis

Homes for Life Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1999, 27 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 2024, Homes for Life Foundation reported income of $231k and spending of $531k, spending 230% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $176k to $231k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 113%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for Life Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 52nd percentile within DE. Charities of a similar size with the same main cause include Rouse Housing Development Fund Company Inc ($231k), Harrah Senior Housing Corporation ($232k) and CC Housing Inc ($231k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.