Homeless Services United Inc

Analysis

Homeless Services United Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Homeless Services United Inc reported income of $443k and spending of $446k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $368k to $443k (+20%), an average of +6.4% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless Services United Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Loudoun Serenity House ($443k), Forsyth Development Foundation ($444k) and Ysleta Senior Housing Inc ($443k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $242k. At year end it held assets of $778k against liabilities of $51k, net assets of $726k.