Homecroft Inc

Analysis

Homecroft Inc is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Homecroft Inc reported income of $579k and spending of $533k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $579k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homecroft Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Falcon Housing Corp ($579k), Turner Affordable Housing Inc ($579k) and Mhany 2011 Housing Development Fund Corporation ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 60% of the total. At year end it held assets of $4.0m against liabilities of $403k, net assets of $3.6m.