Homewood Living Spring House Inc

Analysis

Homewood Living Spring House Inc is a registered charity in United States, based in Williamsport, MD. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Homewood Living Spring House Inc reported income of $4.9m and spending of $5.7m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.9m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homewood Living Spring House Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Family Housing Advisory Services Inc ($4.9m), Long Beach Rescue Mission ($4.9m) and The Gathering Place a Refuge for Rebuilding Lives ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $31.1m against liabilities of $14.3m, net assets of $16.8m.

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.