Homeless and Housing Coalition of Kentucky Inc

Analysis

Homeless and Housing Coalition of Kentucky Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in April 1991, 35 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 2023, Homeless and Housing Coalition of Kentucky Inc reported income of $3.1m and spending of $3.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.1m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless and Housing Coalition of Kentucky Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Sunshine Christian Homes Inc ($3.1m), Galilee Community Development ($3.1m) and Park Terrace Assisted Living Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $127k (4.1% of expenses). Other salaries and wages came to $556k. At year end it held assets of $599k against liabilities of $268k, net assets of $331k. It reported 68 employees.