Home Base Inc

Analysis

Home Base Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in November 1991, 35 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 Base Inc reported income of $506k and spending of $474k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $386k to $506k (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Base Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 65th percentile within VT. Charities of a similar size with the same main cause include Life Model Works Inc ($506k), Arkansas United Community Coalition ($506k) and Rainbow of Love Inc ($506k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $116k (24% of expenses). Other salaries and wages came to $201k. At year end it held assets of $167k against liabilities of $7,525, net assets of $159k. It reported 33 employees.