Homers for Hope Inc

Analysis

Homers for Hope Inc is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in March 2012, 14 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 (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, Homers for Hope Inc reported income of $112k and spending of $89k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $112k (+139%), an average of +139% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Homers for Hope Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Police Who Care Inc ($112k), American Friends of Beit Midrash Harel ($112k) and Ufcw Charity Golf Classic Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.