Our Home Inc

Analysis

Our Home Inc is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in February 1973, 53 years ago. 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 2024, Our Home Inc reported income of $9.4m and spending of $9.7m, spending 103% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.2m to $9.4m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Home Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within SD. Charities of a similar size with the same main cause include Intermountain Deaconess Childrens Services ($9.4m), Greater Wyoming Valley Area YMCA ($9.4m) and YMCA of Collier County Inc ($9.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $114k (1.2% of expenses). At year end it held assets of $6.1m against liabilities of $1.4m, net assets of $4.7m. It reported 189 employees.

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.