Homeless No More Inc
EIN: 570898981 · Columbia, SC · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Net Assets | $4.6M |
Is Homeless No More Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Homeless No More Inc
Homeless No More Inc (EIN: 570898981) is a nonprofit organization based in Columbia, SC, classified under NTEE code L40. The organization reported total revenue of $2.2M and total assets of $8.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeless No More Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homeless No More Inc is a mid-size nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $7.8M |
| Total Liabilities | $3.3M |
| Net Assets | $4.6M |
| Operating Margin | 39.0% |
| Debt-to-Asset Ratio | 41.7% |
| Months of Reserves | 42.7 months |
Financial Health Grade: A
In 2023, Homeless No More Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 42.7 months of operating reserves (strong position), has a debt-to-asset ratio of 41.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Homeless No More Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +121.0% | -5.2% | +37.4% |
| 2022 | +0.9% | +39.4% | -5.7% |
| 2021 | -13.8% | +9.0% | +41.0% |
| 2020 | -20.9% | -13.3% | +39.6% |
| 2018 | +129.0% | +73.0% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Homeless No More Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Homeless No More Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.7%.
Frequently Asked Questions about Homeless No More Inc
Is Homeless No More Inc a legitimate charity?
Homeless No More Inc (EIN: 570898981) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: A.
How does Homeless No More Inc spend its money?
Homeless No More Inc reported $2.2M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Homeless No More Inc tax-deductible?
Homeless No More Inc is registered as a tax-exempt nonprofit (EIN: 570898981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Homeless No More Inc located?
Homeless No More Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 570898981. It is classified under NTEE code L40.
How many years of IRS 990 filings does Homeless No More Inc have?
Homeless No More Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.2M in total revenue.
Filing History
IRS 990 filing history for Homeless No More Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Homeless No More Inc's revenue has grown by 590.5%, moving from $524K to $3.6M. Total assets increased by 197.3% over the same period, from $2.6M to $7.8M. Total functional expenses rose by 293.6%, from $560K to $2.2M. In its most recent filing year (2023), Homeless No More Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $7.8M in assets (debt-to-asset ratio: 41.7%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $2.2M | $7.8M | $3.3M | — | — |
| 2022 | $1.6M | $2.3M | $5.7M | $2.6M | — | — |
| 2021 | $1.6M | $1.7M | $6.1M | $2.4M | — | — |
| 2020 | $1.9M | $1.5M | $4.3M | $845K | — | — |
| 2018 | $2.4M | $1.8M | $3.1M | $1.6M | — | View 990 |
| 2017 | $1.0M | $1.0M | $3.3M | $1.4M | — | View 990 |
| 2016 | $1.5M | $819K | $3.2M | $1.4M | — | View 990 |
| 2015 | $851K | $754K | $2.7M | $1.5M | — | View 990 |
| 2014 | $701K | $609K | $2.8M | $1.8M | — | View 990 |
| 2013 | $651K | $515K | $2.7M | $1.8M | — | View 990 |
| 2012 | $537K | $580K | $2.6M | $1.8M | — | View 990 |
| 2011 | $524K | $560K | $2.6M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $2.2M, and assets of $7.8M (revenue +121.0% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.3M, and assets of $5.7M (revenue +0.9% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.7M, and assets of $6.1M (revenue -13.8% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.5M, and assets of $4.3M (revenue -20.9% year-over-year).
- 2018: Revenue of $2.4M, expenses of $1.8M, and assets of $3.1M (revenue +129.0% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $3.3M (revenue -32.2% year-over-year).
- 2016: Revenue of $1.5M, expenses of $819K, and assets of $3.2M (revenue +79.9% year-over-year).
- 2015: Revenue of $851K, expenses of $754K, and assets of $2.7M (revenue +21.5% year-over-year).
- 2014: Revenue of $701K, expenses of $609K, and assets of $2.8M (revenue +7.6% year-over-year).
- 2013: Revenue of $651K, expenses of $515K, and assets of $2.7M (revenue +21.3% year-over-year).
- 2012: Revenue of $537K, expenses of $580K, and assets of $2.6M (revenue +2.4% year-over-year).
- 2011: Revenue of $524K, expenses of $560K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeless No More Inc:
Data Sources and Methodology
This transparency report for Homeless No More Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.