Florida Coalition for the Homeless Inc

Analysis

Florida Coalition for the Homeless Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in January 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Florida Coalition for the Homeless Inc reported income of $81k and spending of $142k, spending 175% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $299k to $81k (-73%), an average of -28% a year. The sharpest change came in the year to June 2022, when income rose by 102%. 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, Florida Coalition for the Homeless Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Novato Fire Foundation ($81k), Advocacy and Inclusion Matter of WC ($81k) and Barrow Mansion Development Corp Parent Assoc ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $342k against liabilities of $128k, net assets of $214k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.