Better Homes Inc

Analysis

Better Homes Inc is a registered charity in United States, based in Bristol, PA. It received its IRS tax-exemption ruling in December 1979, 47 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, Better Homes Inc reported income of $290k and spending of $286k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $420k to $290k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income rose by 44%. 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, Better Homes Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Boone Regency Retirement ($290k), South Charleston Unity Apartments Inc ($290k) and Housing Foundation ($290k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $69k (24% of expenses). Other salaries and wages came to $58k. At year end it held assets of $3.2m against liabilities of $510k, net assets of $2.6m. It reported 5 employees.