Gifts for the Homeless

Analysis

Gifts for the Homeless is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1988, 38 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, Gifts for the Homeless reported income of $588k and spending of $528k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $661k to $588k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gifts for the Homeless sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include Parents of Autistic Children of Ocean County Inc ($588k), Cornerstone Resource Center ($588k) and Speak Foundation Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $368k against liabilities of $1,351, net assets of $366k.