Better Homes of Seaford Inc

Analysis

Better Homes of Seaford Inc is a registered charity in United States, based in Seaford, DE. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Better Homes of Seaford Inc reported income of $279k and spending of $292k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $245k to $279k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Better Homes of Seaford Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 55th percentile within DE. Charities of a similar size with the same main cause include Danville Library Foundation ($279k), Road Runners Club of America Inc ($279k) and East Rockingham Fire Department Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 58% of the total. Other salaries and wages came to $101k. At year end it held assets of $6.0m against liabilities of $2.4m, net assets of $3.6m. It reported 1 employees.