Homeless Prevention Center

Analysis

Homeless Prevention Center is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Homeless Prevention Center reported income of $1.0m and spending of $1.0m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $813k to $1.0m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homeless Prevention Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within VT. Charities of a similar size with the same main cause include Trustees of Fall River High School Alumni Scholarships ($1.0m), The Neighborhood School ($1.0m) and Northern New York Library Network ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $77k (7.4% of expenses). Other salaries and wages came to $442k. At year end it held assets of $462k against liabilities of $1,241, net assets of $461k. It reported 15 employees.