Homestead Village Inc

Analysis

Homestead Village Inc is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in March 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Homestead Village Inc reported income of $27.1m and spending of $25.3m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.0m to $27.1m (+30%), an average of +6.7% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homestead Village 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 97th percentile within PA. Charities of a similar size with the same main cause include Clarity Care Inc ($27.1m), Downtown Womens Center ($27.2m) and Lutheran Child & Family Service of Michigan ($27.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $840k (3.3% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $98.3m against liabilities of $89.8m, net assets of $8.5m. It reported 319 employees.