Homes for the Exceptional III Inc

Analysis

Homes for the Exceptional III Inc is a registered charity in United States, based in Valley Cottage, NY. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) 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 III Inc reported income of $204k and spending of $193k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $204k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes for the Exceptional III Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Students Seeking Outstanding Academic Results Inc ($204k), A Place to Stay ($204k) and Artist Mentorship Program ($204k).

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 $669k against liabilities of $1.7m, net assets of -$995k.