United Methodist Homes Inc

Analysis

United Methodist Homes Inc is a registered charity in United States, based in Shelton, CT. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, United Methodist Homes Inc reported income of $4.3m and spending of $3.2m, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.7m to $4.3m (-36%), an average of -11% a year. The sharpest change came in the year to September 2021, when income rose by 105%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Homes Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Pleasant Hills Childrens Home of the Assemblies of God Inc ($4.3m), Community Adolescent Resources and Education Center Inc ($4.3m) and South Bay Childrens Health Center Association Inc ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $1.2m (36% of expenses). Other salaries and wages came to $699k. At year end it held assets of $21.8m against liabilities of $426k, net assets of $21.4m. It reported 462 employees.