Homeless Network Of Texas
EIN: 742646586 · Austin, TX · NTEE: S99Z
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.8M |
| Net Assets | $727K |
Is Homeless Network Of Texas Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homeless Network Of Texas
Homeless Network Of Texas (EIN: 742646586) is a nonprofit organization based in Austin, TX, classified under NTEE code S99Z. The organization reported total revenue of $3.3M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeless Network Of Texas's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homeless Network Of Texas is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$149K |
| Total Assets | $3.1M |
| Total Liabilities | $2.4M |
| Net Assets | $727K |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 76.7% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, Homeless Network Of Texas reported a surplus of $149K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 76.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homeless Network Of Texas's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +17.2% | +22.4% |
| 2022 | +20.4% | +22.6% | +179.2% |
| 2021 | +14.1% | +12.5% | +28.5% |
| 2020 | +22.0% | +24.9% | +11.0% |
| 2019 | +15.1% | +12.6% | +14.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homeless Network Of Texas 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 Homeless Network Of Texas 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 $149K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.7%.
Frequently Asked Questions about Homeless Network Of Texas
Is Homeless Network Of Texas a legitimate charity?
Based on AI analysis of IRS 990 filings, Homeless Network Of Texas (EIN: 742646586) insufficient data. 0 red flags identified, 0 strengths noted.
How does Homeless Network Of Texas spend its money?
Detailed spending breakdown data is not yet available for Homeless Network Of Texas. Check back for updated IRS 990 analysis.
Are donations to Homeless Network Of Texas tax-deductible?
Homeless Network Of Texas is registered as a tax-exempt nonprofit (EIN: 742646586). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homeless Network Of Texas located?
Homeless Network Of Texas is headquartered in Austin, Texas and files with the IRS under EIN 742646586. It is classified under NTEE code S99Z.
How many years of IRS 990 filings does Homeless Network Of Texas have?
Homeless Network Of Texas 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 $3.3M in total revenue.
Filing History
IRS 990 filing history for Homeless Network Of Texas showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homeless Network Of Texas's revenue has grown by 256.7%, moving from $1.1M to $3.9M. Total assets increased by 576.6% over the same period, from $460K to $3.1M. Total functional expenses rose by 278.5%, from $1.0M to $3.8M. In its most recent filing year (2023), Homeless Network Of Texas reported a surplus of $149K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $3.1M in assets (debt-to-asset ratio: 76.7%), resulting in net assets of $727K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.8M | $3.1M | $2.4M | — | View 990 |
| 2022 | $3.3M | $3.2M | $2.5M | $2.0M | — | View 990 |
| 2021 | $2.7M | $2.6M | $912K | $353K | — | View 990 |
| 2020 | $2.4M | $2.3M | $710K | $224K | — | — |
| 2019 | $1.9M | $1.9M | $639K | $186K | — | View 990 |
| 2018 | $1.7M | $1.7M | $559K | $175K | — | View 990 |
| 2017 | $1.3M | $1.3M | $521K | $162K | — | View 990 |
| 2016 | $1.3M | $1.4M | $535K | $168K | — | View 990 |
| 2015 | $1.8M | $1.7M | $584K | $151K | — | View 990 |
| 2014 | $1.5M | $1.4M | $462K | $108K | — | View 990 |
| 2013 | $1.0M | $1.1M | $356K | $109K | — | View 990 |
| 2012 | $923K | $944K | $470K | $133K | — | View 990 |
| 2011 | $1.1M | $1.0M | $460K | $103K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.8M, and assets of $3.1M (revenue +20.7% year-over-year).
- 2022: Revenue of $3.3M, expenses of $3.2M, and assets of $2.5M (revenue +20.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.6M, and assets of $912K (revenue +14.1% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $710K (revenue +22.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $639K (revenue +15.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $559K (revenue +26.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $521K (revenue +3.8% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $535K (revenue -26.3% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $584K (revenue +13.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $462K (revenue +50.6% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $356K (revenue +11.4% year-over-year).
- 2012: Revenue of $923K, expenses of $944K, and assets of $470K (revenue -16.4% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $460K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeless Network Of Texas:
Data Sources and Methodology
This transparency report for Homeless Network Of Texas 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.