Southern Foundation for Homeless

Analysis

Southern Foundation for Homeless is a registered charity in United States, based in Starkville, MS. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern Foundation for Homeless reported income of $2.1m and spending of $2.8m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $2.1m (-41%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Foundation for Homeless sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MS. Charities of a similar size with the same main cause include Miami Beach Community Development Corporation Inc ($2.1m), Grand Chapter of Pennsylvania Order of the Eastern Star Inc ($2.1m) and Cis of Greater King County ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $493k. At year end it held assets of $818k against liabilities of $1.2m, net assets of -$379k. It reported 24 employees.