United Methodist Homes & Services Foundation

Analysis

United Methodist Homes & Services Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1990, 36 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 December 2023, United Methodist Homes & Services Foundation reported income of $290k and spending of $721k, spending 249% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $656k to $290k (-56%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 1329%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Homes & Services Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within IL. Charities of a similar size with the same main cause include Trail Resources and Iowa Land Stewards Inc ($290k), Crescent Cities Charities Inc ($290k) and McNabb Broders Sustainability Education NFP ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $191k. At year end it held assets of $13.5m against liabilities of $767k, net assets of $12.7m.