Homes For Children Corporation

Is Homes For Children Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Homes For Children Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Homes For Children Corporation

Homes For Children Corporation (EIN: 204417114) is a nonprofit organization based in Fort Worth, TX, classified under NTEE code P73. The organization reported total revenue of $1.2M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes For Children Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Homes For Children Corporation is a mid-size nonprofit that has been operating for 17 years, with 9 years of IRS 990 filings on record (2009–2023).

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Homes For Children Corporation reported a surplus of $693K with revenue exceeding expenses, holds 54.0 months of operating reserves (strong position).

Financial Trends

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Homes For Children Corporation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 90%
• fundraising: 0%

According to IRS 990 filings, Homes For Children Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $693K, with revenue exceeding expenses.

Executive Compensation Analysis

Homes For Children Corporation reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is highly commendable for a nonprofit of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Homes For Children Corporation:

• Consistent revenue surpluses, such as $693,447 in 2023 (Revenue $847,458 - Expenses $154,011).
• Zero reported officer compensation across all filings.
• Healthy and growing asset base, reaching $693,447 in 2023 with no liabilities.
• Very low expense-to-revenue ratio, indicating high operational efficiency.
• Significant growth in revenue and assets over the past decade.

Frequently Asked Questions about Homes For Children Corporation

Filing History

IRS 990 filing history for Homes For Children Corporation showing financial trends over 9 years of public records:

In its most recent filing year (2023), Homes For Children Corporation reported a surplus of $693K, with revenue exceeding expenses.

Year-by-Year Financial Summary

• 2023: Revenue of $847K, expenses of $154K, and assets of $693K (revenue +151.4% year-over-year).
• 2018: Revenue of $337K, expenses of $25K, and assets of $519K (revenue +47.2% year-over-year).
• 2017: Revenue of $229K, expenses of $96K, and assets of $376K (revenue -0.1% year-over-year).
• 2016: Revenue of $229K, expenses of $4K, and assets of $243K (revenue +59.2% year-over-year).
• 2015: Revenue of $144K, expenses of $7K, and assets of $18K (revenue +126.0% year-over-year).
• 2014: Revenue of $64K, expenses of $2K, and assets of $7K (revenue -29.6% year-over-year).
• 2013: Revenue of $90K, expenses of $10K, and assets of $80K.
• 2011: Revenue of $0, expenses of $0, and assets of $0.
• 2009: Revenue of $0, expenses of $0, and assets of $0.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Homes For Children Corporation:

Data Sources and Methodology

This transparency report for Homes For Children Corporation 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.