Churches United for the Homeless

Analysis

Churches United for the Homeless is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Churches United for the Homeless reported income of $8.2m and spending of $5.2m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $8.2m (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Churches United for the Homeless sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Calvin Coolidge Presidential Foundation Inc ($8.1m), Modern Day Missions ($8.2m) and Federation of Italian American Org of Brooklyn Ltd ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $122k (2.4% of expenses). Other salaries and wages came to $2.5m. It paid $13k in professional fundraising fees. At year end it held assets of $9.5m against liabilities of $2.5m, net assets of $7.0m. It reported 104 employees.