Hometown Apartments Inc

Analysis

Hometown Apartments Inc is a registered charity in United States, based in Lagrange, KY. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Hometown Apartments Inc reported income of $164k and spending of $120k, leaving 27% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $157k to $164k (+4.3%), an average of +4.3% a year. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hometown Apartments Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within KY. Charities of a similar size with the same main cause include Rodman Commons Inc ($164k), Housing Opportunites Team ($164k) and Rippling Waters ($164k).

On its Form 990-EZ for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $75k against liabilities of $20k, net assets of $55k.