Homeless No More Inc

Analysis

Homeless No More Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1998, 28 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 December 2023, Homeless No More Inc reported income of $175k and spending of $276k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $184k to $175k (-4.9%), an average of -1.2% a year. Over the whole period it spent 152% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeless No More Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Disrupting Traffick ($175k), Pascales Pals Inc ($175k) and Lenoir Soup Kitchen Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $584k against liabilities of $2.4m, net assets of -$1.8m.

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.