Housing for Homeless Inc

Analysis

Housing for Homeless Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in August 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 December 2022, Housing for Homeless Inc reported income of $1.9m and spending of $2.1m, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $1.9m (+43%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing for Homeless Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Ecumenical Shelter Network of Lake County Inc ($1.9m), Covenant Recovery Inc ($1.9m) and Womens Development Center Inc ($1.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $82k (3.9% of expenses). Other salaries and wages came to $572k. At year end it held assets of $4.2m against liabilities of $178k, net assets of $4.0m. It reported 20 employees.