Facing Homelessness

Analysis

Facing Homelessness is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2014, 12 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, Facing Homelessness reported income of $1.1m and spending of $1.3m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.1m (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Facing Homelessness sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Virginia Community Action Partnership ($1.1m), Long Beach Center for Economic Inclusion ($1.1m) and Wellspring Community Support Services ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $135k (10% of expenses). Other salaries and wages came to $503k. It paid $114k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 12 employees.