Homeless Emergency Project Inc

Analysis

Homeless Emergency Project Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in May 1987, 39 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, Homeless Emergency Project Inc reported income of $9.6m and spending of $7.9m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.0m to $9.6m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless Emergency Project Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Iccf Community Home ($9.6m), Gilman Housing Trust Inc ($9.6m) and Chelsea Jewish North Shore Assisted Living Inc ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $348k (4.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $24.3m against liabilities of $3.8m, net assets of $20.5m. It reported 105 employees.