Homeservices Foundation for Housing Equity

Analysis

Homeservices Foundation for Housing Equity is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in July 2021, 5 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 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, Homeservices Foundation for Housing Equity reported income of $231k and spending of $21k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $218k to $231k (+5.9%), an average of +5.9% a year. Over the whole period it spent 38% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Homeservices Foundation for Housing Equity sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Nefesh Shimshon Inc ($231k), Lifeline Energy Foundation ($231k) and Tali Fund Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $277k against liabilities of $0, net assets of $277k.