Southern Foundation For Homeless
EIN: 582034687 · Starkville, MS · NTEE: S21Z
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.8M |
| Net Assets | $-378,966 |
Is Southern Foundation For Homeless Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southern Foundation For Homeless
Southern Foundation For Homeless (EIN: 582034687) is a nonprofit organization based in Starkville, MS, classified under NTEE code S21Z. The organization reported total revenue of $2.1M and total assets of $818K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Foundation For Homeless's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Foundation For Homeless is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-697,020 |
| Total Assets | $818K |
| Total Liabilities | $1.2M |
| Net Assets | $-378,966 |
| Operating Margin | -33.7% |
| Debt-to-Asset Ratio | 146.3% |
| Months of Reserves | 3.6 months |
Financial Health Grade: C
In 2023, Southern Foundation For Homeless reported a deficit of $697K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate), has a debt-to-asset ratio of 146.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southern Foundation For Homeless's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.8% | -0.7% | -46.2% |
| 2022 | +24.9% | +10.4% | +263.7% |
| 2021 | +1.3% | -3.1% | -11.5% |
| 2020 | -30.1% | -24.1% | -8.4% |
| 2019 | +1.5% | +3.6% | +22.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southern Foundation For 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 Southern Foundation For 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 deficit of $697K, with expenses exceeding revenue.
- Debt-to-asset ratio: 146.3%.
Frequently Asked Questions about Southern Foundation For Homeless
Is Southern Foundation For Homeless a legitimate charity?
Southern Foundation For Homeless (EIN: 582034687) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. Financial health grade: C.
How does Southern Foundation For Homeless spend its money?
Southern Foundation For Homeless reported $2.1M 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 Southern Foundation For Homeless tax-deductible?
Southern Foundation For Homeless is registered as a tax-exempt nonprofit (EIN: 582034687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southern Foundation For Homeless located?
Southern Foundation For Homeless is headquartered in Starkville, Mississippi and files with the IRS under EIN 582034687. It is classified under NTEE code S21Z.
How many years of IRS 990 filings does Southern Foundation For Homeless have?
Southern Foundation For Homeless 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Southern Foundation For Homeless showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Foundation For Homeless's revenue has grown by 310.8%, moving from $503K to $2.1M. Total assets increased by 67% over the same period, from $490K to $818K. Total functional expenses rose by 464.8%, from $489K to $2.8M. In its most recent filing year (2023), Southern Foundation For Homeless reported a deficit of $697K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $818K in assets (debt-to-asset ratio: 146.3%), resulting in net assets of $-378,966.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.8M | $818K | $1.2M | — | — |
| 2022 | $3.1M | $2.8M | $1.5M | $1.2M | — | — |
| 2021 | $2.5M | $2.5M | $418K | $391K | — | View 990 |
| 2020 | $2.4M | $2.6M | $473K | $278K | — | — |
| 2019 | $3.5M | $3.4M | $516K | $274K | — | View 990 |
| 2018 | $3.4M | $3.3M | $421K | $229K | — | View 990 |
| 2017 | $2.8M | $2.8M | $303K | $229K | — | View 990 |
| 2016 | $2.6M | $2.7M | $311K | $292K | — | View 990 |
| 2015 | $2.1M | $2.1M | $335K | $263K | — | View 990 |
| 2014 | $1.8M | $1.9M | $517K | $433K | — | View 990 |
| 2013 | $738K | $771K | $545K | $376K | — | View 990 |
| 2012 | $598K | $600K | $480K | $286K | — | View 990 |
| 2011 | $503K | $489K | $490K | $294K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.8M, and assets of $818K (revenue -32.8% year-over-year).
- 2022: Revenue of $3.1M, expenses of $2.8M, and assets of $1.5M (revenue +24.9% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.5M, and assets of $418K (revenue +1.3% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.6M, and assets of $473K (revenue -30.1% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.4M, and assets of $516K (revenue +1.5% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.3M, and assets of $421K (revenue +22.7% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.8M, and assets of $303K (revenue +6.2% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.7M, and assets of $311K (revenue +24.7% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $335K (revenue +15.3% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.9M, and assets of $517K (revenue +148.0% year-over-year).
- 2013: Revenue of $738K, expenses of $771K, and assets of $545K (revenue +23.5% year-over-year).
- 2012: Revenue of $598K, expenses of $600K, and assets of $480K (revenue +18.8% year-over-year).
- 2011: Revenue of $503K, expenses of $489K, and assets of $490K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Foundation For Homeless:
Data Sources and Methodology
This transparency report for Southern Foundation For 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.