Habersham Homeless Ministries Inc

Analysis

Habersham Homeless Ministries Inc is a registered charity in United States, based in Cleveland, GA. It received its IRS tax-exemption ruling in August 2002, 24 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, Habersham Homeless Ministries Inc reported income of $288k and spending of $164k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $288k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habersham Homeless Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Mission Carthage Inc ($288k), Dallas County Local Housing Trust Fund Inc ($288k) and Park Avenue Thorpe Housing Development Fund Corporation ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $70k (43% of expenses). Other salaries and wages came to $250. At year end it held assets of $281k against liabilities of $299, net assets of $280k. It reported 1 employees.