Group Homes for Children Inc

Analysis

Group Homes for Children Inc is a registered charity in United States, based in Lafayette, IN. It received its IRS tax-exemption ruling in June 1973, 53 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, Group Homes for Children Inc reported income of $605k and spending of $457k, leaving 24% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $275k to $605k (+120%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Group Homes for Children Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IN. Charities of a similar size with the same main cause include Via Community ($605k), Brooklyn Emerge Inc ($605k) and Dogwood Ranch Corp ($605k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $60k (13% of expenses). Other salaries and wages came to $217k. It paid $3,922 in professional fundraising fees. At year end it held assets of $544k against liabilities of $12k, net assets of $532k. It reported 5 employees.