Homepointe Inc

Analysis

Homepointe Inc is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Homepointe Inc reported income of $197k and spending of $225k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $291k to $197k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Homepointe Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Inflate ($197k), Agudas Nshei Ubnos Chabad Lubavitch Womens Organization Inc ($197k) and Carismah Church - Iglesia de Jesucristo ($197k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. Compensation of current officers, directors and key employees was $63k (28% of expenses). At year end it held assets of $115k against liabilities of $1,892, net assets of $113k. It reported 1 employees.