Homes Anew II Ltd

Analysis

Homes Anew II Ltd is a registered charity in United States, based in Old Bethpage, NY. It received its IRS tax-exemption ruling in December 2002, 24 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 Anew II Ltd reported income of $66k and spending of $23k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $66k to $66k (+0.1%), an average of +0.0% a year. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes Anew II Ltd sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Lutheran Residences Inc ($66k), Palouse Cove Housing Group ($66k) and One Fresno Foundation ($66k).

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 $636k against liabilities of $2,461, net assets of $634k.