Homes for Heroes Inc

Analysis

Homes for Heroes Inc is a registered charity in United States, based in Pearl River, NY. It received its IRS tax-exemption ruling in September 2009, 17 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, Homes for Heroes Inc reported income of $655k and spending of $202k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $655k (+134%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 453%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homes for Heroes Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Veterans Care Network ($655k), Hope Counseling Center ($656k) and Home at Last Inc ($655k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $6.8m against liabilities of $4.2m, net assets of $2.6m.