Coalition for the Homeless

Analysis

Coalition for the Homeless is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 1987, 39 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, Coalition for the Homeless reported income of $5.5m and spending of $5.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $5.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coalition for the Homeless sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Family Outreach Center ($5.5m), Caesars Foundation of Floyd County Inc ($5.5m) and Mississippi University for Women Foundation ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $133k (2.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.2m against liabilities of $848k, net assets of $2.4m. It reported 25 employees.