Advocates for Homeless Families Inc

Analysis

Advocates for Homeless Families Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in September 1988, 38 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, Advocates for Homeless Families Inc reported income of $674k and spending of $742k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $640k to $674k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advocates for Homeless Families Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Two Hundred for Homeownership ($673k), Westfield Manor Association ($674k) and Family Promise of Greater Johnson City Inc ($673k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $60k (8.1% of expenses). Other salaries and wages came to $133k. At year end it held assets of $803k against liabilities of $227k, net assets of $576k. It reported 8 employees.