Homeless Alliance

Analysis

Homeless Alliance is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Homeless Alliance reported income of $15.7m and spending of $12.5m, leaving 20% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $15.7m (+275%), an average of +39% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless Alliance sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OK. Charities of a similar size with the same main cause include Housing Partnership Inc ($15.7m), Comprehensive Housing Assistance Inc ($15.8m) and 1260 Housing Development Corporation ($15.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $105k (0.8% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $12.1m against liabilities of $2.2m, net assets of $9.9m. It reported 244 employees.