Homes for Children Foundation

Analysis

Homes for Children Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Homes for Children Foundation reported income of $932k and spending of $986k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $932k (-15%), an average of -3.9% a year. The sharpest change came in the year to June 2020, when income rose by 117%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes for Children Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Young Caring for Our Young Inc ($932k), Frost & Sullivan Holding Institute ($932k) and York Community Service Association ($932k).

At year end it held assets of $16.5m against liabilities of $86k, net assets of $16.4m.