Mid Florida Homeless Coalition Inc

Analysis

Mid Florida Homeless Coalition Inc is a registered charity in United States, based in Inverness, FL. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, Mid Florida Homeless Coalition Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.6m (+62%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mid Florida Homeless Coalition Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Good Neighbor Fund Inc ($1.6m), Rebuilding Together Austin ($1.6m) and Senior Network Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $467k. At year end it held assets of $874k against liabilities of $482k, net assets of $392k. It reported 17 employees.