Sleepyhead Beds

Analysis

Sleepyhead Beds is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 2011, 15 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 December 2023, Sleepyhead Beds reported income of $515k and spending of $449k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $622k to $515k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sleepyhead Beds sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within MO. Charities of a similar size with the same main cause include Neighbors Who Care Inc ($515k), Hospice of St Marys Inc ($515k) and Healing Soils Foundation ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $80k (18% of expenses). Other salaries and wages came to $143k. At year end it held assets of $446k against liabilities of $8,406, net assets of $438k. It reported 8 employees.