Home Life Incorporated

Analysis

Home Life Incorporated is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in November 1972, 54 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, Home Life Incorporated reported income of $6.9m and spending of $6.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $6.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Life Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include Jewish Family Services Inc ($6.9m), Robert Russell Eastern Star-Masonic Center of Colorado Inc ($6.9m) and Vogel Alcove ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $5.4m against liabilities of $1.1m, net assets of $4.3m. It reported 171 employees.