Homeless Not Hopeless Inc

Analysis

Homeless Not Hopeless Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. 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, Homeless Not Hopeless Inc reported income of $303k and spending of $368k, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $307k to $303k (-1.2%), an average of -0.3% a year. The sharpest change came in the year to September 2023, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homeless Not Hopeless Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Sugar Bush Foundation ($303k), St Paul Christian Learning Center ($303k) and Healthcare Financial Management Educational Foundation ($303k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $35k. At year end it held assets of $1.4m against liabilities of $571k, net assets of $787k. It reported 1 employees.