The Connection Homeless Shelter Inc

Analysis

The Connection Homeless Shelter Inc is a registered charity in United States, based in North Platte, NE. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover food, agriculture and nutrition, 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, The Connection Homeless Shelter Inc reported income of $472k and spending of $595k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $472k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Connection Homeless Shelter Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NE. Charities of a similar size with the same main cause include Central Vermont Refugee Action Network Inc ($471k), Bright Beginnings Learning Center ($472k) and Tri-County Family Care Center Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $57k (9.6% of expenses). Other salaries and wages came to $232k. At year end it held assets of $1.4m against liabilities of $167k, net assets of $1.3m. It reported 29 employees.

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.