Real Change Homeless Empowerment Project

Analysis

Real Change Homeless Empowerment Project is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, Real Change Homeless Empowerment Project reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.2m to $1.5m (+31%), an average of +6.9% a year. The sharpest change came in the year to March 2020, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Real Change Homeless Empowerment Project sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Tenants Together ($1.5m), Forget Me Knot Children and Youth Services ($1.5m) and El Ranchito de Los Ninos Foundation ($1.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $106k (6.5% of expenses). Other salaries and wages came to $776k. At year end it held assets of $343k against liabilities of $87k, net assets of $256k. It reported 38 employees.