Homeless Services Network of Central Florida Inc

Analysis

Homeless Services Network of Central Florida Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Homeless Services Network of Central Florida Inc reported income of $22.9m and spending of $25.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.3m to $22.9m (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeless Services Network of Central Florida Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Food Depot ($22.9m), Special Children Center ($22.9m) and Baptist Home Association of the Rocky Mountain Inc ($22.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $427k (1.7% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $9.7m against liabilities of $6.3m, net assets of $3.4m. It reported 59 employees.