Homes Anew I Ltd

Analysis

Homes Anew I Ltd is a registered charity in United States, based in Old Bethpage, NY. It received its IRS tax-exemption ruling in August 2001, 25 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 December 2023, Homes Anew I Ltd reported income of $189k and spending of $167k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $144k to $189k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes Anew I Ltd sits at the 47th percentile: it is larger than about 47% 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 House Cafe Inc ($189k), Monumental Development Center ($189k) and Peters Pantry Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $870k against liabilities of $130k, net assets of $740k.