Homeowners Rehab Inc

Analysis

Homeowners Rehab Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homeowners Rehab Inc reported income of $7.3m and spending of $6.4m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.4m to $7.3m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeowners Rehab Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Park Place RHF Housing ($7.3m), Eight Days of Hope Inc ($7.3m) and Operation Finally Home ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $464k (7.2% of expenses). Other salaries and wages came to $966k. At year end it held assets of $154.6m against liabilities of $88.1m, net assets of $66.5m. It reported 14 employees.