Homewood Childrens Village

Analysis

Homewood Childrens Village is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Homewood Childrens Village reported income of $2.7m and spending of $3.4m, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.7m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Homewood Childrens Village sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Cookie Cart ($2.7m), Texas 4 H Youth Development Foundation ($2.8m) and Mammoth Mountain Community Foundation Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $329k (9.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.2m against liabilities of $513k, net assets of $1.7m. It reported 58 employees.