Homes for Our Troops Inc

Analysis

Homes for Our Troops Inc is a registered charity in United States, based in Taunton, MA. It received its IRS tax-exemption ruling in June 2004, 22 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 September 2023, Homes for Our Troops Inc reported income of $38.5m and spending of $38.4m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.2m to $38.5m (+47%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for Our Troops Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Travaux Inc ($38.4m), LA Cooperativa Campesina de California ($38.5m) and Urban Peak Denver ($38.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $617k (1.6% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $32.3m against liabilities of $11.4m, net assets of $20.9m. It reported 79 employees.