Center for the Homeless Inc

Analysis

Center for the Homeless Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in August 1989, 37 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 June 2023, Center for the Homeless Inc reported income of $6.1m and spending of $3.4m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $6.1m (+101%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for the Homeless Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Disability Rights North Carolina ($6.1m), Dubois-Pike-Warrick Economic Opportunity Committee Inc ($6.1m) and Big Brothers Big Sisters Kansas City ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $197k (5.7% of expenses). Other salaries and wages came to $1.3m. It paid $241k in professional fundraising fees. At year end it held assets of $16.9m against liabilities of $843k, net assets of $16.1m. It reported 47 employees.