Facing Forward to End Homelessness

Analysis

Facing Forward to End Homelessness is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 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 June 2023, Facing Forward to End Homelessness reported income of $6.4m and spending of $6.7m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Facing Forward to End Homelessness sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Core Services of Northeast Tennessee ($6.4m), Archway Station Inc ($6.4m) and A Bridge to Independence ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $141k (2.1% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $4.0m against liabilities of $500k, net assets of $3.5m. It reported 58 employees.