Association of Community Employment Programs for the Homeless Inc

Analysis

Association of Community Employment Programs for the Homeless Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Association of Community Employment Programs for the Homeless Inc reported income of $9.8m and spending of $9.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $9.8m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association of Community Employment Programs for the Homeless Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include National Association for Latino Community Asset Builders ($9.8m), Humans First Detroit ($9.8m) and Opening Doors Inc ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $632k (6.6% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $4.1m against liabilities of $63k, net assets of $4.0m. It reported 260 employees.