Homes for the Exceptional IV Inc

Analysis

Homes for the Exceptional IV Inc is a registered charity in United States, based in Valley Cottage, NY. It received its IRS tax-exemption ruling in September 2003, 23 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, Homes for the Exceptional IV Inc reported income of $192k and spending of $217k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $192k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for the Exceptional IV Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Noble Senior Housing Inc ($191k), Philippians Place ($192k) and Memorial Hall Housing Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $895k against liabilities of $1.7m, net assets of -$780k.