Health Care for the Homeless Inc

Analysis

Health Care for the Homeless Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 1988, 38 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Health Care for the Homeless Inc reported income of $30.7m and spending of $32.8m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.3m to $30.7m (+8.5%), an average of +2.1% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Health Care for the Homeless Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Asian Pacific Health Care Venture Inc ($30.7m), Boys & Girls Clubs of Puerto Rico Inc ($30.7m) and Eversight ($30.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $2.5m (7.5% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $32.8m against liabilities of $3.6m, net assets of $29.2m. It reported 293 employees.