Hornell Childrens Home

Analysis

Hornell Childrens Home is a registered charity in United States, based in Hornell, NY. It received its IRS tax-exemption ruling in June 1944, 82 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, Hornell Childrens Home reported income of $995k and spending of $967k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $672k to $995k (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hornell Childrens Home sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Little Angels Service Dogs ($995k), N O a S Ark Inc ($995k) and Gahanna Residents in Need ($995k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 49% of the total. Other salaries and wages came to $732k. At year end it held assets of $834k against liabilities of $206k, net assets of $627k. It reported 36 employees.