Homebase Cincinnati

Analysis

Homebase Cincinnati is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1980, 46 years ago. 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, Homebase Cincinnati reported income of $3.3m and spending of $3.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $773k to $3.3m (+325%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homebase Cincinnati sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Pinemere Camp Association Inc ($3.3m), California Library Association ($3.3m) and Solutions for Care ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $67k (2.0% of expenses). Other salaries and wages came to $129k. At year end it held assets of $398k against liabilities of $389k, net assets of $9,181. It reported 6 employees.