Coalition for the Homeless Inc

Analysis

Coalition for the Homeless Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1981, 45 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 June 2023, Coalition for the Homeless Inc reported income of $18.9m and spending of $17.4m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.4m to $18.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coalition for the Homeless Inc 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Kidspeace National Centers of North America Inc ($18.9m), Jupiter Christian School Inc ($18.9m) and The Legal Aid Society of Westchester County ($18.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $1.2m (6.9% of expenses). Other salaries and wages came to $5.5m. It paid $122k in professional fundraising fees. At year end it held assets of $45.0m against liabilities of $1.5m, net assets of $43.6m. It reported 212 employees.