Public & Societal Benefit
(W30)
IRS Verified
DX Registered
990 on File
PURPLE HEART HOMES INC
Financial strength (30%)
83/100
Reliability (20%)
50/100
Effectiveness (25%)
75/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Purple Heart Homes' mission is to provide housing solutions for service-connected disabled and aging veterans. They aim to ensure that veterans have safe, accessible, and comfortable homes by offering renovations, repairs, and modifications tailored to their specific needs. Their work helps improve the quality of life for veterans and enables them to live independently and with dignity
Financial Overview — FY 2024
$12.5M
Total Revenue
$9.2M
Total Expenses
$7.0M
Net Assets
36
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
69.0%
Fundraising Efficiency
N/A
Operating Reserve
9.12x
Liability-to-Asset
8.6%
Revenue Diversification
92.7%
Compared with Peers
FY 2024
Compared with 521 similar organizations
(United States, Public & Societal Benefit, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
69.0% | 83.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.1% | 12.2% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
20.9% | 1.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.1 mo | 9.4 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
8.6% | 13.7% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.7% | 94.8% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
73.5% | 7.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
22.5% | 8.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
26.7% | 2.3% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Allows Veterans to age in place with dignity | 192 | $18,000.00 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $12.5M | $9.2M | $7.0M | 69.0% | 36 |
| 2023 | $7.2M | $7.5M | $3.6M | 72.9% | 33 |
| 2022 | $6.0M | $6.2M | $3.9M | 71.4% | 36 |
| 2021 | $4.7M | $4.4M | N/A | — | 36 |
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