Homestart Inc

Analysis

Homestart Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in November 1990, 36 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Homestart Inc reported income of $365k and spending of $556k, spending 152% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $621k to $365k (-41%), an average of -12% a year. The sharpest change came in the year to September 2020, when income dropped by 44%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homestart Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Jeri Hill Housing Corporation ($365k), United Church Residences of South Horn Lake Mississippi Inc ($365k) and Project Hope of Eastern CT Inc ($365k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $10.6m against liabilities of $4.4m, net assets of $6.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.