Taste for the Homeless

Analysis

Taste for the Homeless is a registered charity in United States, based in Riverdale, IL. It received its IRS tax-exemption ruling in July 2021, 5 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 December 2023, Taste for the Homeless reported income of $197k and spending of $199k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $262k to $197k (-25%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Taste for the Homeless sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Sme Preservation Fund ($197k), Korean Festival Committee of Orange County ($197k) and Lexington Womans Club Inc ($197k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $500, net assets of $11k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.