Homesura Inc

Analysis

Homesura Inc is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in August 2006, 20 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, Homesura Inc reported income of $34.2m and spending of $34.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.1m to $34.2m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homesura Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Braille Institute of America Inc ($34.2m), Childrens Home Society of North Carolina Inc ($34.2m) and Makeway Foundation ($34.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $22.0m. At year end it held assets of $23.9m against liabilities of $25.7m, net assets of -$1.7m. It reported 439 employees.