Advocates For Homeless Families Inc
EIN: 521591139 · Frederick, MD · NTEE: L410
| Metric | Value |
|---|---|
| Total Revenue | $552K |
| Total Expenses | $742K |
| Net Assets | $576K |
Is Advocates For Homeless Families Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Advocates For Homeless Families Inc
Advocates For Homeless Families Inc (EIN: 521591139) is a nonprofit organization based in Frederick, MD, classified under NTEE code L410. The organization reported total revenue of $552K and total assets of $798K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advocates For Homeless Families Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advocates For Homeless Families Inc is a small nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $742K |
| Surplus / Deficit | $-68,230 |
| Total Assets | $803K |
| Total Liabilities | $227K |
| Net Assets | $576K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 28.3% |
| Months of Reserves | 13.0 months |
Financial Health Grade: B
In 2023, Advocates For Homeless Families Inc reported a deficit of $68K with expenses exceeding revenue, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 28.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Advocates For Homeless Families Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.1% | -14.1% | -7.9% |
| 2022 | +25.7% | +44.3% | -4.0% |
| 2021 | +11.2% | +17.9% | -6.6% |
| 2020 | -5.8% | -1.5% | +15.6% |
| 2019 | +51.0% | +5.1% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Advocates For Homeless Families Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Advocates For Homeless Families Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.3%.
Frequently Asked Questions about Advocates For Homeless Families Inc
Is Advocates For Homeless Families Inc a legitimate charity?
Advocates For Homeless Families Inc (EIN: 521591139) is a registered tax-exempt nonprofit based in Maryland. It has 13 years of IRS 990 filings on record. Total revenue: $552K. No red flags identified. Financial health grade: B.
How does Advocates For Homeless Families Inc spend its money?
Advocates For Homeless Families Inc reported $552K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Advocates For Homeless Families Inc tax-deductible?
Advocates For Homeless Families Inc is registered as a tax-exempt nonprofit (EIN: 521591139). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Advocates For Homeless Families Inc located?
Advocates For Homeless Families Inc is headquartered in Frederick, Maryland and files with the IRS under EIN 521591139. It is classified under NTEE code L410.
How many years of IRS 990 filings does Advocates For Homeless Families Inc have?
Advocates For Homeless Families Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $552K in total revenue.
Filing History
IRS 990 filing history for Advocates For Homeless Families Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Advocates For Homeless Families Inc's revenue has grown by 99.1%, moving from $338K to $674K. Total assets decreased by 8.7% over the same period, from $879K to $803K. Total functional expenses rose by 108.7%, from $355K to $742K. In its most recent filing year (2023), Advocates For Homeless Families Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $227K in liabilities against $803K in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $576K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $674K | $742K | $803K | $227K | — | — |
| 2022 | $843K | $863K | $871K | $236K | — | View 990 |
| 2021 | $671K | $598K | $908K | $247K | — | View 990 |
| 2020 | $603K | $507K | $973K | $384K | — | — |
| 2019 | $640K | $515K | $841K | $348K | — | View 990 |
| 2018 | $424K | $490K | $725K | $357K | — | View 990 |
| 2017 | $426K | $421K | $792K | $358K | — | View 990 |
| 2016 | $403K | $381K | $765K | $335K | — | View 990 |
| 2015 | $362K | $381K | $745K | $338K | — | View 990 |
| 2014 | $378K | $380K | $769K | $343K | — | View 990 |
| 2013 | $290K | $372K | $782K | $353K | — | View 990 |
| 2012 | $340K | $352K | $867K | $356K | — | View 990 |
| 2011 | $338K | $355K | $879K | $356K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $674K, expenses of $742K, and assets of $803K (revenue -20.1% year-over-year).
- 2022: Revenue of $843K, expenses of $863K, and assets of $871K (revenue +25.7% year-over-year).
- 2021: Revenue of $671K, expenses of $598K, and assets of $908K (revenue +11.2% year-over-year).
- 2020: Revenue of $603K, expenses of $507K, and assets of $973K (revenue -5.8% year-over-year).
- 2019: Revenue of $640K, expenses of $515K, and assets of $841K (revenue +51.0% year-over-year).
- 2018: Revenue of $424K, expenses of $490K, and assets of $725K (revenue -0.4% year-over-year).
- 2017: Revenue of $426K, expenses of $421K, and assets of $792K (revenue +5.5% year-over-year).
- 2016: Revenue of $403K, expenses of $381K, and assets of $765K (revenue +11.5% year-over-year).
- 2015: Revenue of $362K, expenses of $381K, and assets of $745K (revenue -4.3% year-over-year).
- 2014: Revenue of $378K, expenses of $380K, and assets of $769K (revenue +30.4% year-over-year).
- 2013: Revenue of $290K, expenses of $372K, and assets of $782K (revenue -14.8% year-over-year).
- 2012: Revenue of $340K, expenses of $352K, and assets of $867K (revenue +0.6% year-over-year).
- 2011: Revenue of $338K, expenses of $355K, and assets of $879K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advocates For Homeless Families Inc:
Data Sources and Methodology
This transparency report for Advocates For Homeless Families Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.