Homeword

Analysis

Homeword is a registered charity in United States, based in San Juan Capo, CA. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2024, Homeword reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.5m (+24%), an average of +5.4% a year. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Homeword sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Taylor Diversion Programs Inc ($1.5m), Columbus Fashion Initiative ($1.5m) and Champions for Youth Foundation ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $275k (21% of expenses). Other salaries and wages came to $158k. At year end it held assets of $1.3m against liabilities of $91k, net assets of $1.2m. It reported 4 employees.