Homesunited Ministries Inc

Analysis

Homesunited Ministries Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in December 2021, 5 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, Homesunited Ministries Inc reported income of $202k and spending of $282k, spending 140% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $16k to $202k (+1160%), an average of +255% a year. The sharpest change came in the year to December 2022, when income rose by 680%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homesunited Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include St Josephs Terrace Inc ($202k), Buffalo Peace House ($202k) and Forest Grove Senior & Community Alliance ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $224k. At year end it held assets of $341k against liabilities of $389k, net assets of -$49k.