HH Cares Inc

Analysis

HH Cares Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 2022, 4 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, HH Cares Inc reported income of $109k and spending of $112k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $240k to $109k (-55%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HH Cares Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include League of Human Dignity Metro Housing Development Corporation ($109k), Eagle Court Apartments ($109k) and New Hampshire Coalition to End Homelessness ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (40% of expenses). At year end it held assets of $28k against liabilities of $0, net assets of $28k. It reported 2 employees.