Housing Families First

Analysis

Housing Families First is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 2001, 25 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 June 2024, Housing Families First reported income of $2.2m and spending of $2.7m, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $2.2m (+13%), an average of +3.0% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Families First sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Grace Place Ministry Inc ($2.2m), Lynn Sage Breast Cancer Foundation ($2.2m) and Techequity Collaborative ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $86k (3.2% of expenses). Other salaries and wages came to $981k. At year end it held assets of $6.5m against liabilities of $1.4m, net assets of $5.1m. It reported 34 employees.