Homes for the Exceptional V

Analysis

Homes for the Exceptional V is a registered charity in United States, based in Valley Cottage, NY. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Homes for the Exceptional V reported income of $159k and spending of $189k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $159k (+0.9%), an average of +0.2% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for the Exceptional V sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Drake Manor Housing Development Fund Company Inc ($159k), House to House Community Development Inc ($159k) and Good Shepherd Gardens Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.3m against liabilities of $1.5m, net assets of -$207k.

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.