Homeless Veterans Fellowship

Analysis

Homeless Veterans Fellowship is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in June 1990, 36 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 December 2023, Homeless Veterans Fellowship reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $991k to $1.6m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless Veterans Fellowship sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Rebuilding Together - Twin Cities ($1.6m), Concord Area Trust for Community Housing ($1.6m) and North Carolina State Indian Housing Authority ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $82k (4.8% of expenses). Other salaries and wages came to $545k. At year end it held assets of $1.3m against liabilities of $360k, net assets of $914k. It reported 21 employees.