Homecomings Inc

Analysis

Homecomings Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homecomings Inc reported income of $3.7m and spending of $595k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $3.7m (+2155%), an average of +118% a year. The sharpest change came in the year to December 2021, when income rose by 657%. Over the whole period it spent 32% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homecomings Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Preserving Home Inc ($3.7m), Union Township Adult Community Development Corporation ($3.7m) and American Indian Community Housing Organization ($3.7m).

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 $9.7m against liabilities of $1.6m, net assets of $8.1m.