Homebase Texas

Analysis

Homebase Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in April 2007, 19 years ago. 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, Homebase Texas reported income of $797k and spending of $822k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $186k to $797k (+329%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 824%. Over the whole period it spent 164% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homebase Texas 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 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Chapel-Lakes Area Foundation Inc ($797k), Natchitoches Parish Council on Aging Inc ($797k) and American Water Works Association ($797k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $284k. At year end it held assets of $479k against liabilities of $894k, net assets of -$415k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.