Homeless Childrens Network

Analysis

Homeless Childrens Network is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Homeless Childrens Network reported income of $10.2m and spending of $9.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $10.2m (+307%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeless Childrens Network sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include United Hospice Inc ($10.2m), Cardea Health ($10.2m) and Jewish Community Center ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.5m (17% of expenses). Other salaries and wages came to $3.4m. It paid $51k in professional fundraising fees. At year end it held assets of $8.1m against liabilities of $2.7m, net assets of $5.4m. It reported 63 employees.