Homeless Childrens Foundation of Indian River County Inc

Analysis

Homeless Childrens Foundation of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in August 2015, 11 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, Homeless Childrens Foundation of Indian River County Inc reported income of $1.3m and spending of $843k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $400k to $1.3m (+218%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 298%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeless Childrens Foundation of Indian River County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Zearing Child Enrichment Center Inc ($1.3m), Treetops Collective ($1.3m) and Young Mens Christian Association of Worthington ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $72k (8.5% of expenses). Other salaries and wages came to $116k. At year end it held assets of $2.1m against liabilities of $123k, net assets of $2.0m. It reported 6 employees.