Help for the Homeless Inc

Analysis

Help for the Homeless Inc is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in December 2014, 12 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, Help for the Homeless Inc reported income of $70k and spending of $71k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $70k (+28%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Help for the Homeless Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within MN. Charities of a similar size with the same main cause include Greater Goods Ojai ($70k), Pennsylvania Council of the Blind ($70k) and Least of These ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.