Caring for the Homeless of Peekskill Inc

Analysis

Caring for the Homeless of Peekskill Inc is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in April 1993, 33 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, Caring for the Homeless of Peekskill Inc reported income of $3.0m and spending of $2.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.0m (+87%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Caring for the Homeless of Peekskill Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include A Light to the Nations ($3.0m), North East Emergency Distribution ($3.0m) and Emissaries of Divine Light ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $129k (4.4% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $996k against liabilities of $125k, net assets of $871k. It reported 47 employees.