Homeaid Austin Inc

Analysis

Homeaid Austin Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Homeaid Austin Inc reported income of $386k and spending of $575k, spending 149% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $386k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Homeaid Austin Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Hopeful Opportunities Presented to Everyone Inc ($386k), Flatland Productions Inc ($387k) and Minority Community Investment Coalition ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $85k (15% of expenses). Other salaries and wages came to $106k. At year end it held assets of $354k against liabilities of $23k, net assets of $331k. It reported 3 employees.