Volusia-Flagler County Coalition for the Homeless Inc

Analysis

Volusia-Flagler County Coalition for the Homeless Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in June 2003, 23 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 June 2023, Volusia-Flagler County Coalition for the Homeless Inc reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.0m (+31%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volusia-Flagler County Coalition for the Homeless Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Bon Aqua Daycare Center Inc ($2.0m), Ronald McDonald House Northwest Florida Inc ($2.0m) and Erc Resource & Referral Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $261k (14% of expenses). Other salaries and wages came to $446k. At year end it held assets of $2.7m against liabilities of $218k, net assets of $2.5m. It reported 24 employees.