Minnesota Coalition for the Homeless Inc

Analysis

Minnesota Coalition for the Homeless Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1989, 37 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, Minnesota Coalition for the Homeless Inc reported income of $800k and spending of $721k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $658k to $800k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnesota Coalition for the Homeless Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MN. Charities of a similar size with the same main cause include Panhandle Partnership for Health and Human Services ($800k), People Helping People Inc ($800k) and Childrens Home Society Foundation Inc ($800k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $104k (14% of expenses). Other salaries and wages came to $189k. At year end it held assets of $648k against liabilities of $8,387, net assets of $640k. It reported 5 employees.