Homeless Coalition of Southern Indiana Inc

Analysis

Homeless Coalition of Southern Indiana Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in July 2016, 10 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 June 2024, Homeless Coalition of Southern Indiana Inc reported income of $694k and spending of $728k, spending 105% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $182k to $694k (+283%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 132%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeless Coalition of Southern Indiana Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Bethany Shadow Woods Inc ($693k), Community Housing Assistance Program Inc ($695k) and Elder Housing Corporation Inc ($692k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $85k (12% of expenses). Other salaries and wages came to $398k. At year end it held assets of $424k against liabilities of $22k, net assets of $402k. It reported 35 employees.