Hoffman Homes Inc

Analysis

Hoffman Homes Inc is a registered charity in United States, based in Littlestown, PA. It received its IRS tax-exemption ruling in February 1996, 30 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, Hoffman Homes Inc reported income of $15.4m and spending of $12.2m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.3m to $15.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hoffman Homes Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Catholic Charities Bureau ($15.4m), Southwestern Connecticut Agency on Aging Inc ($15.4m) and Georgia Resilience and Opportunity Fund Inc ($15.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $276k (2.3% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $17.1m against liabilities of $3.6m, net assets of $13.5m. It reported 253 employees.