Sitka Homeless Coalition

Analysis

Sitka Homeless Coalition is a registered charity in United States, based in Sitka, AK. It received its IRS tax-exemption ruling in March 2019, 7 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, Sitka Homeless Coalition reported income of $239k and spending of $242k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $618k to $239k (-61%), an average of -61% a year. The sharpest change came in the year to June 2024, when income dropped by 61%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sitka Homeless Coalition sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 52nd percentile within AK. Charities of a similar size with the same main cause include Oak Street Senior Apartments Inc ($239k), Sarah Jane Bentley Foundation ($239k) and Hands Center City Apartments Inc ($239k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $73k (30% of expenses). Other salaries and wages came to $64k. At year end it held assets of $590k against liabilities of $27k, net assets of $564k. It reported 2 employees.