Hospitality Homes Inc

Analysis

Hospitality Homes Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1994, 32 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, Hospitality Homes Inc reported income of $1.4m and spending of $1.1m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $520k to $1.4m (+162%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hospitality Homes Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Harrington Center for the Arts ($1.4m), Seaview Lutheran Plaza Inc ($1.4m) and Project Horseshoe Farm ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $142k (13% of expenses). Other salaries and wages came to $355k. It paid $32k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $124k, net assets of $1.5m. It reported 10 employees.