Home Tomorrow Inc

Analysis

Home Tomorrow Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Home Tomorrow Inc reported income of $210k and spending of $346k, spending 165% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income fell from $364k to $210k (-42%), an average of -24% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Tomorrow Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within NH. Charities of a similar size with the same main cause include Boulder Housing Partners Foundation ($210k), Chippewa County Family Project Inc ($210k) and Medomak Exchange ($210k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $115k (33% of expenses). Other salaries and wages came to $97k. At year end it held assets of $521k against liabilities of $17k, net assets of $505k. It reported 7 employees.