Charlotte County Homeless Coalition Inc

Analysis

Charlotte County Homeless Coalition Inc is a registered charity in United States, based in Pt Charlotte, FL. It received its IRS tax-exemption ruling in June 1990, 36 years ago. 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, Charlotte County Homeless Coalition Inc reported income of $2.6m and spending of $3.0m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.6m (+71%), an average of +14% a year. The sharpest change came in the year to September 2021, when income rose by 64%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Charlotte County Homeless Coalition 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 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Common School Inc ($2.6m), P V Charter School Inc ($2.6m) and Shree Shakti Mander of Atlanta Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.0m against liabilities of $574k, net assets of $2.5m. It reported 65 employees.