Operation Homeless Inc

Analysis

Operation Homeless Inc is a registered charity in United States, based in Kannapolis, NC. It received its IRS tax-exemption ruling in March 2015, 11 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, Operation Homeless Inc reported income of $92k and spending of $49k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $92k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Operation Homeless Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within NC. Charities of a similar size with the same main cause include Ybor City Rotary Foundtion Inc ($92k), Professional Family Child Care Alliance of Georgia Inc ($92k) and Education and Agriculture Together F D T E a T ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $7,065 (15% of expenses). At year end it held assets of $531k against liabilities of $642, net assets of $530k.