The Home Foundation

Analysis

The Home Foundation is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in May 1989, 37 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 January 2024, The Home Foundation reported income of $706k and spending of $494k, leaving 30% of income unspent that year. Across the 5 years on record, from January 2020 to January 2024, income grew from $306k to $706k (+131%), an average of +23% a year. The sharpest change came in the year to January 2021, when income rose by 567%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Home Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Lupus Foundation of America Georgia Chapter Inc ($706k), YMCA Foundation of Southern Arizona ($706k) and The Netanya Foundation Inc ($706k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $36k (7.4% of expenses). Other salaries and wages came to $17k. At year end it held assets of $3.3m against liabilities of $550k, net assets of $2.8m.