The Homestead Community

Analysis

The Homestead Community is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in October 2008, 18 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 December 2023, The Homestead Community reported income of $535k and spending of $78k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $535k (+323%), an average of +323% a year. The sharpest change came in the year to December 2023, when income rose by 323%. Over the whole period it spent 18% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Homestead Community sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Casa of Mideast Missouri ($535k), Hartford Neighborhood Centers ($535k) and Family Life Center of Butler County Inc ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.7% of the total. At year end it held assets of $1.0m against liabilities of $183k, net assets of $834k.