Home for the Holidays Inc

Analysis

Home for the Holidays Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Home for the Holidays Inc reported income of $71k and spending of $75k, spending 106% of what it took in. Across the 6 years on record, from May 2019 to May 2024, income fell from $143k to $71k (-50%), an average of -13% a year. The sharpest change came in the year to May 2021, when income rose by 549%. Over the whole period it spent 126% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Home for the Holidays Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within LA. Charities of a similar size with the same main cause include Pierce Family Foundation ($71k), Gramatica Family Foundation Inc ($71k) and St Columbkille Shepherds Inc ($71k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 2.7% of the total. At year end it held assets of $270k against liabilities of $325k, net assets of -$55k. It reported 3 employees.