Homeless No More Inc

Analysis

Homeless No More Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in April 1990, 36 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 September 2023, Homeless No More Inc reported income of $3.6m and spending of $2.2m, leaving 39% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $1.9m to $3.6m (+92%), an average of +24% a year. The sharpest change came in the year to September 2023, when income rose by 121%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless No More Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Heritage Presbyterian Housing Inc ($3.6m), Bridge West Oakland Housing Inc ($3.6m) and Habitat for Humanity International Inc ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $270k (12% of expenses). Other salaries and wages came to $826k. At year end it held assets of $7.8m against liabilities of $3.3m, net assets of $4.6m. It reported 41 employees.