Homeless Rescue Services Inc

Analysis

Homeless Rescue Services Inc is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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, Homeless Rescue Services Inc reported income of $297k and spending of $320k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $488k to $297k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 56%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homeless Rescue Services Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include American Lyric Theater Center Inc ($297k), Hargrave Foundation ($297k) and Old North State Medical Society Inc ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $38k against liabilities of $3,230, net assets of $34k.

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.