Chattanooga Regional Homeless Coalition Inc

Analysis

Chattanooga Regional Homeless Coalition Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Chattanooga Regional Homeless Coalition Inc reported income of $1.1m and spending of $654k, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to September 2023, income grew from $509k to $1.1m (+109%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 97%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chattanooga Regional Homeless Coalition Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Missouri Workers Center ($1.1m), South Berkeley Neighborhood Development Corporation ($1.1m) and Opportunities Industrialization Center of Oklahoma County Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $39k (6.0% of expenses). Other salaries and wages came to $159k. At year end it held assets of $1.7m against liabilities of $564k, net assets of $1.1m. It reported 19 employees.