Homeless Alliance of Western New York Inc

Analysis

Homeless Alliance of Western New York Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2005, 21 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 (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 Alliance of Western New York Inc reported income of $1.3m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $923k to $1.3m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless Alliance of Western New York Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Shared Housing and Resource Exchange California ($1.3m), East Side Neighborhood Development Company Inc ($1.3m) and Justfix Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $149k (12% of expenses). Other salaries and wages came to $493k. At year end it held assets of $642k against liabilities of $93k, net assets of $549k. It reported 14 employees.