Homeful Foundation

Analysis

Homeful Foundation is a registered charity in United States, based in Laguna Hills, CA. It received its IRS tax-exemption ruling in September 2016, 10 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 December 2023, Homeful Foundation reported income of $461k and spending of $510k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $461k (-63%), an average of -22% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeful Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Wickenburg Area Habitat for Humanity ($461k), Baskervill Outreach Inc ($461k) and Alverno Housng Corporation ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.4m against liabilities of $11k, net assets of $2.4m. It reported 4 employees.