Monroe County Homeless Services Continuum-Of-Care Inc

Analysis

Monroe County Homeless Services Continuum-Of-Care Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Monroe County Homeless Services Continuum-Of-Care Inc reported income of $1.7m and spending of $1.6m, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $693k to $1.7m (+138%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monroe County Homeless Services Continuum-Of-Care Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Thursdays Child ($1.7m), Christs Harbor Inc ($1.7m) and Housing Association of Nonprofit Developers ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (5.2% of expenses). Other salaries and wages came to $4,690. At year end it held assets of $573k against liabilities of $358k, net assets of $215k. It reported 1 employees.