Suncoast Partnership to End Homelessness Inc

Analysis

Suncoast Partnership to End Homelessness Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 2005, 21 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 September 2023, Suncoast Partnership to End Homelessness Inc reported income of $2.8m and spending of $3.0m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.8m (+95%), an average of +18% a year. The sharpest change came in the year to September 2021, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Suncoast Partnership to End Homelessness Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include American Wheelchair Foundation ($2.8m), Senior Services of Van Buren County Inc ($2.8m) and Guide Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $254k (8.5% of expenses). Other salaries and wages came to $487k. At year end it held assets of $909k against liabilities of $415k, net assets of $494k. It reported 22 employees.