Minot Area Homeless Coalition Inc

Analysis

Minot Area Homeless Coalition Inc is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in August 2001, 25 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, Minot Area Homeless Coalition Inc reported income of $287k and spending of $273k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $287k (+46%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minot Area Homeless Coalition Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ND. Charities of a similar size with the same main cause include Treasure Valley Childrens Theater ($287k), American Roundtable to Abolish Homelessness Inc ($287k) and YWCA of Darien Norwalk Inc ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $49k (18% of expenses). Other salaries and wages came to $48k. At year end it held assets of $353k against liabilities of $178k, net assets of $175k. It reported 3 employees.