No results. Wealthy execs. Welcome to the Homeless Industrial Complex
How nonprofits got rich while homelessness worsened.
California, Colorado, Oregon, and Washington — states with huge homelessness services budgets and politicians who publicly proclaim deep concern for the homeless — have seen their homeless populations grow just as compensation for homelessness executives has climbed.
That should force policymakers to diligently pursue an important question: What exactly are taxpayers paying for: homelessness solutions, or big salaries?
Between 2013 and 2024, revenue at nearly 1,500 nonprofits receiving federal homelessness funding more than doubled, from $16.5 billion to $37 billion.
The amount spent on salaries and other compensation climbed from $6.5 billion to $14.2 billion. Are our homeless neighbors receiving double the care? Are they being treated for mental illness and drug addiction, returning to their communities, restored at higher rates than ever before?
On the contrary, homelessness is hitting record highs, and we are now seeing more and more brazen accounts of fraud, such as the case of two Los Angeles homelessness executives who spent $7.5 million on luxury vacations.
Payroll by the median provider increased 113.3 percent between 2013 and 2024. Eighty-four percent grew payrolls faster than inflation, while 54 percent more than doubled payroll, and 29 percent more than tripled it. The rise in executive compensation is even more disturbing. Data shows that CEO compensation at homeless service providers soared 54 percentage point increase in ten years, well over inflation.--National Review
Read the whole thing here.
How do we get one of these jobs?
Speaking of NGOs
Our research showed between 2013 and 2024, revenue at nearly 1,500 nonprofits receiving federal homelessness funding grew from $16.5 billion to $37 billion. The amount spent on salaries and other compensation climbed from $6.5 billion to $14.2 billion. And homelessness increased.--Cicero Institute
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