Homeless and Travelers Aid Society

Analysis

Homeless and Travelers Aid Society is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in April 1968, 58 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Homeless and Travelers Aid Society reported income of $3.8m and spending of $3.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.8m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeless and Travelers Aid Society sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Hospice of Franklin County Inc ($3.8m), Millbrook Community Partnership Inc ($3.8m) and Interior Alaska Center for Non- Violent Living ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $142k (3.9% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.1m against liabilities of $404k, net assets of $1.7m. It reported 34 employees.