Foundation for the Homeless Inc

Analysis

Foundation for the Homeless Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1989, 37 years ago. 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, Foundation for the Homeless Inc reported income of $2.5m and spending of $2.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $920k to $2.5m (+169%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for the Homeless Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Alabama Arise ($2.5m), New York State Local Government Services Foundation Inc ($2.5m) and Interfaith Housing Assistance Corp ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $113k (4.7% of expenses). Other salaries and wages came to $417k. At year end it held assets of $946k against liabilities of $68k, net assets of $878k. It reported 24 employees.