India Home Inc

Analysis

India Home Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in March 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, India Home Inc reported income of $4.1m and spending of $3.9m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $781k to $4.1m (+426%), an average of +52% a year. The sharpest change came in the year to June 2022, when income rose by 187%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, India Home Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Neighborhood Initiatives Development Corporation ($4.1m), Habitat for Humanity International Inc ($4.1m) and American Village Communities Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $7.8m against liabilities of $5.5m, net assets of $2.3m. It reported 39 employees.