Homes for Independence Space Coast Inc

Analysis

Homes for Independence Space Coast Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in June 2013, 13 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 June 2023, Homes for Independence Space Coast Inc reported income of $84k and spending of $100k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $63k to $84k (+34%), an average of +10% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for Independence Space Coast Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Bethlehem Inn of Waseca ($84k), Azalea Terrace Inc ($84k) and Creative Housing Inc VI ($84k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $597k against liabilities of $650k, net assets of -$54k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.