Childrens Home Foundation

Analysis

Childrens Home Foundation is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Childrens Home Foundation reported income of $2.0m and spending of $1.4m, leaving 32% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income fell from $2.1m to $2.0m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to January 2022, when income rose by 87%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Childrens Home Foundation 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 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Driven Brands Charitable Foundation ($2.0m), Big Spring Area Community Foundation Inc ($2.0m) and Wolasky Family Foundation Inc ($2.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 8.2% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $107k (7.9% of expenses). Other salaries and wages came to $93k. At year end it held assets of $31.3m against liabilities of $335k, net assets of $31.0m. It reported 3 employees.