Gifts For The Homeless
EIN: 521593963 · Washington, DC · NTEE: P85Z
| Metric | Value |
|---|---|
| Total Revenue | $808K |
| Total Expenses | $528K |
| Net Assets | $366K |
Is Gifts For The Homeless Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gifts For The Homeless
Gifts For The Homeless (EIN: 521593963) is a nonprofit organization based in Washington, DC, classified under NTEE code P85Z. The organization reported total revenue of $808K and total assets of $357K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gifts For The Homeless's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gifts For The Homeless is a small nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $588K |
| Total Expenses | $528K |
| Surplus / Deficit | +$60K |
| Total Assets | $368K |
| Total Liabilities | $1K |
| Net Assets | $366K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Gifts For The Homeless reported a surplus of $60K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Gifts For The Homeless's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +8.5% | +19.5% |
| 2022 | +96.5% | +57.5% | +32.4% |
| 2021 | -7.6% | +113.5% | -9.1% |
| 2020 | -53.2% | -82.0% | +180.9% |
| 2019 | +62.9% | +67.6% | -61.1% |
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 Gifts For The Homeless 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 Gifts For The Homeless 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 surplus of $60K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Gifts For The Homeless
Is Gifts For The Homeless a legitimate charity?
Gifts For The Homeless (EIN: 521593963) is a registered tax-exempt nonprofit based in Washington DC. It has 14 years of IRS 990 filings on record. Total revenue: $808K. No red flags identified. Financial health grade: A.
How does Gifts For The Homeless spend its money?
Gifts For The Homeless reported $808K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gifts For The Homeless tax-deductible?
Gifts For The Homeless is registered as a tax-exempt nonprofit (EIN: 521593963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gifts For The Homeless located?
Gifts For The Homeless is headquartered in Washington, Washington DC and files with the IRS under EIN 521593963. It is classified under NTEE code P85Z.
How many years of IRS 990 filings does Gifts For The Homeless have?
Gifts For The Homeless has 14 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 $808K in total revenue.
Filing History
IRS 990 filing history for Gifts For The Homeless showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Gifts For The Homeless's revenue has declined by 0.6%, moving from $592K to $588K. Total assets increased by 12.7% over the same period, from $326K to $368K. Total functional expenses fell by 5.8%, from $561K to $528K. In its most recent filing year (2023), Gifts For The Homeless reported a surplus of $60K, with revenue exceeding expenses. The organization holds $1K in liabilities against $368K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $366K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $588K | $528K | $368K | $1K | — | — |
| 2022 | $562K | $487K | $308K | $0 | — | View 990 |
| 2021 | $286K | $309K | $232K | $0 | — | View 990 |
| 2020 | $309K | $145K | $256K | $0 | — | — |
| 2019 | $661K | $804K | $91K | $0 | — | View 990 |
| 2018 | $406K | $479K | $234K | $0 | — | View 990 |
| 2018 | $623K | $691K | $307K | $0 | — | View 990 |
| 2017 | $623K | $587K | $375K | $0 | — | View 990 |
| 2016 | $589K | $618K | $339K | $0 | — | View 990 |
| 2015 | $690K | $740K | $368K | $0 | — | View 990 |
| 2014 | $750K | $867K | $418K | $0 | — | View 990 |
| 2013 | $684K | $634K | $534K | $0 | — | View 990 |
| 2012 | $717K | $560K | $484K | $0 | — | View 990 |
| 2011 | $592K | $561K | $326K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $588K, expenses of $528K, and assets of $368K (revenue +4.7% year-over-year).
- 2022: Revenue of $562K, expenses of $487K, and assets of $308K (revenue +96.5% year-over-year).
- 2021: Revenue of $286K, expenses of $309K, and assets of $232K (revenue -7.6% year-over-year).
- 2020: Revenue of $309K, expenses of $145K, and assets of $256K (revenue -53.2% year-over-year).
- 2019: Revenue of $661K, expenses of $804K, and assets of $91K (revenue +62.9% year-over-year).
- 2018: Revenue of $406K, expenses of $479K, and assets of $234K (revenue -34.9% year-over-year).
- 2018: Revenue of $623K, expenses of $691K, and assets of $307K (revenue +-0.0% year-over-year).
- 2017: Revenue of $623K, expenses of $587K, and assets of $375K (revenue +5.9% year-over-year).
- 2016: Revenue of $589K, expenses of $618K, and assets of $339K (revenue -14.7% year-over-year).
- 2015: Revenue of $690K, expenses of $740K, and assets of $368K (revenue -8.0% year-over-year).
- 2014: Revenue of $750K, expenses of $867K, and assets of $418K (revenue +9.7% year-over-year).
- 2013: Revenue of $684K, expenses of $634K, and assets of $534K (revenue -4.6% year-over-year).
- 2012: Revenue of $717K, expenses of $560K, and assets of $484K (revenue +21.1% year-over-year).
- 2011: Revenue of $592K, expenses of $561K, and assets of $326K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gifts For The Homeless:
Data Sources and Methodology
This transparency report for Gifts For The Homeless 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.