United Methodist Homes Foundation

Analysis

United Methodist Homes Foundation is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Methodist Homes Foundation reported income of $3.1m and spending of $3.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.1m (+90%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, United Methodist Homes Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Vermont Public Health Association Inc ($3.1m), The Center to Advance Consumer Partnership Inc ($3.1m) and The Greenwich Hospital Endowment Fund ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $78k. At year end it held assets of $37.5m against liabilities of $53k, net assets of $37.5m. It reported 1 employees.