Long Island Coalition for the Homeless

Analysis

Long Island Coalition for the Homeless is a registered charity in United States, based in Amityville, NY. It received its IRS tax-exemption ruling in February 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Long Island Coalition for the Homeless reported income of $3.8m and spending of $3.5m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.8m (+137%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Long Island Coalition for the Homeless sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Metroparks Toledo Foundation ($3.8m), Luminis Health Gilchrist Lifecare Institute LLC ($3.8m) and Illuminating Engineering Society ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $168k (4.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $9.2m against liabilities of $107k, net assets of $9.1m. It reported 51 employees.