H O M E Inc

Analysis

H O M E Inc is a registered charity in United States, based in Orland, ME. It received its IRS tax-exemption ruling in June 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, H O M E Inc reported income of $1.3m and spending of $2.7m, spending 207% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H O M E Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within ME. Charities of a similar size with the same main cause include Sexual Assault Prevention and Response Services ($1.3m), Illinois Valley Industries Inc ($1.3m) and National Church Residences of College Park Ga Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $198k (7.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $7.0m against liabilities of $1.1m, net assets of $5.9m. It reported 71 employees.