Home-Life Services Inc

Analysis

Home-Life Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1999, 27 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 June 2023, Home-Life Services Inc reported income of $98.3m and spending of $98.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $40.3m to $98.3m (+144%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home-Life Services Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Gene B Glick Family Housing Foundation Inc ($96.7m), MHT Housing Inc ($99.4m) and Baltimore Regional Housing Partnership Inc ($95.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $27.3m. At year end it held assets of $103.9m against liabilities of $103.1m, net assets of $797k. It reported 508 employees.