Helping the Homeless

Analysis

Helping the Homeless is a registered charity in United States, based in Gloucester, VA. It received its IRS tax-exemption ruling in June 2016, 10 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 2023, Helping the Homeless reported income of $299k and spending of $240k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $191k to $299k (+56%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Helping the Homeless sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($299k), South Lake Tahoe Supportive Housing Inc ($299k) and Cdla Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% of the total. Compensation of current officers, directors and key employees was $37k (16% of expenses). Other salaries and wages came to $46k. At year end it held assets of $271k against liabilities of $3,515, net assets of $267k. It reported 9 employees.