Regional Task Force On The Homeless Inc
Regional Task Force On The Homeless Inc shows significant growth and strong program focus with no reported officer compensation.
EIN: 113723093 · San Diego, CA · NTEE: P50 · Updated: 2026-03-28
Is Regional Task Force On The Homeless Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regional Task Force On The Homeless Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Regional Task Force On The Homeless Inc
Regional Task Force On The Homeless Inc (EIN: 113723093) is a nonprofit organization based in San Diego, CA, classified under NTEE code P50. The organization reported total revenue of $19.3M and total assets of $31.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regional Task Force On The Homeless Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Regional Task Force On The Homeless Inc is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26.1M |
| Total Expenses | $19.6M |
| Surplus / Deficit | +$6.5M |
| Total Assets | $29.8M |
| Total Liabilities | $20.6M |
| Net Assets | $9.2M |
| Operating Margin | 25.1% |
| Debt-to-Asset Ratio | 69.2% |
| Months of Reserves | 18.3 months |
Financial Health Grade: A
In 2023, Regional Task Force On The Homeless Inc reported a surplus of $6.5M with revenue exceeding expenses, holds 18.3 months of operating reserves (strong position), has a debt-to-asset ratio of 69.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Regional Task Force On The Homeless Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +69.2% | +32.6% | +74.7% |
| 2022 | -16.4% | -18.2% | +13.0% |
| 2021 | +88.5% | +89.0% | -46.2% |
| 2020 | +178.3% | +198.6% | +37.1% |
| 2019 | +21.6% | +37.2% | +1682.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Regional Task Force On The Homeless Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Regional Task Force On The Homeless Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Regional Task Force On The Homeless Inc's IRS 990 filings:
- Unusually low reported officer compensation (0%) for an organization of this scale, which might warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Regional Task Force On The Homeless Inc:
- Exceptional revenue growth from $1.0M in 2014 to $26.0M in 2023, demonstrating increased capacity and impact.
- Strong asset base ($29.7M in 2023) relative to liabilities ($20.6M), indicating financial stability.
- Consistent reporting of 0% officer compensation across all filings, suggesting a high dedication to program spending.
- Positive net assets and consistent operational surpluses in most years, reflecting sound financial management.
- Significant increase in program scale and reach, as evidenced by the substantial growth in expenses from $0.9M in 2014 to $19.5M in 2023.
Frequently Asked Questions about Regional Task Force On The Homeless Inc
Is Regional Task Force On The Homeless Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Regional Task Force On The Homeless Inc (EIN: 113723093) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Regional Task Force On The Homeless Inc spend its money?
Regional Task Force On The Homeless Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Regional Task Force On The Homeless Inc tax-deductible?
Regional Task Force On The Homeless Inc is registered as a tax-exempt nonprofit (EIN: 113723093). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Regional Task Force On The Homeless Inc a good charity?
Based on the provided financial data, the Regional Task Force On The Homeless Inc appears to be a very good charity. It demonstrates strong financial health, significant growth in revenue and assets, and a clear commitment to its mission, evidenced by 0% reported officer compensation and efficient use of funds.
How has the organization's revenue grown over time?
The organization has experienced substantial revenue growth, increasing from $1,011,953 in 201406 to $26,093,432 in 202306, indicating a significant expansion of its operations and funding.
What is the organization's financial stability?
The organization shows strong financial stability, with assets of $29,799,726 significantly exceeding liabilities of $20,636,252 in the latest 202306 filing, providing a solid financial foundation.
Filing History
IRS 990 filing history for Regional Task Force On The Homeless Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Regional Task Force On The Homeless Inc's revenue has grown by 2810.1%, moving from $897K to $26.1M. Total assets increased by 15529% over the same period, from $191K to $29.8M. Total functional expenses rose by 2243.5%, from $834K to $19.6M. In its most recent filing year (2023), Regional Task Force On The Homeless Inc reported a surplus of $6.5M, with revenue exceeding expenses. The organization holds $20.6M in liabilities against $29.8M in assets (debt-to-asset ratio: 69.2%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26.1M | $19.6M | $29.8M | $20.6M | — | — |
| 2022 | $15.4M | $14.7M | $17.1M | $14.5M | — | View 990 |
| 2021 | $18.4M | $18.0M | $15.1M | $13.2M | — | View 990 |
| 2020 | $9.8M | $9.5M | $28.0M | $26.5M | — | View 990 |
| 2019 | $3.5M | $3.2M | $20.5M | $19.2M | — | View 990 |
| 2018 | $2.9M | $2.3M | $1.1M | $186K | — | — |
| 2017 | $2.1M | $2.0M | $542K | $142K | — | View 990 |
| 2016 | $1.2M | $1.2M | $445K | $74K | — | View 990 |
| 2015 | $1.2M | $1.2M | $353K | $51K | — | View 990 |
| 2014 | $1.0M | $954K | $347K | $55K | — | View 990 |
| 2013 | $815K | $787K | $275K | $41K | — | View 990 |
| 2012 | $919K | $858K | $247K | $41K | — | View 990 |
| 2011 | $897K | $834K | $191K | $45K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26.1M, expenses of $19.6M, and assets of $29.8M (revenue +69.2% year-over-year).
- 2022: Revenue of $15.4M, expenses of $14.7M, and assets of $17.1M (revenue -16.4% year-over-year).
- 2021: Revenue of $18.4M, expenses of $18.0M, and assets of $15.1M (revenue +88.5% year-over-year).
- 2020: Revenue of $9.8M, expenses of $9.5M, and assets of $28.0M (revenue +178.3% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.2M, and assets of $20.5M (revenue +21.6% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.3M, and assets of $1.1M (revenue +39.6% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.0M, and assets of $542K (revenue +68.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $445K (revenue +4.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $353K (revenue +16.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $954K, and assets of $347K (revenue +24.2% year-over-year).
- 2013: Revenue of $815K, expenses of $787K, and assets of $275K (revenue -11.4% year-over-year).
- 2012: Revenue of $919K, expenses of $858K, and assets of $247K (revenue +2.5% year-over-year).
- 2011: Revenue of $897K, expenses of $834K, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Regional Task Force On The Homeless Inc:
Data Sources and Methodology
This transparency report for Regional Task Force On The Homeless 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.