Homeless Network of Texas

Analysis

Homeless Network of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Homeless Network of Texas reported income of $3.9m and spending of $3.8m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $3.9m (+102%), an average of +19% a year. The sharpest change came in the year to August 2020, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Homeless Network of Texas sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Global Detroit ($3.9m), Parker Street Ministries Inc ($3.9m) and Greenwich Town Party Inc ($3.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $3.1m against liabilities of $2.4m, net assets of $727k. It reported 36 employees.