Home of the Innocents

Analysis

Home of the Innocents is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2024, Home of the Innocents reported income of $61.4m and spending of $53.6m, spending 87% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $40.1m to $61.4m (+53%), an average of +8.9% a year. The sharpest change came in the year to June 2024, when income rose by 23%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home of the Innocents 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 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Westminster Place ($61.3m), Episcopal Community Services of San Francisco ($61.6m) and Lakewood Resource and Referral Center Inc ($61.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.4m (2.5% of expenses). Other salaries and wages came to $27.9m. At year end it held assets of $76.7m against liabilities of $18.0m, net assets of $58.7m. It reported 636 employees.