Home Ownership for Personal Empowerment Inc

Analysis

Home Ownership for Personal Empowerment Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Home Ownership for Personal Empowerment Inc reported income of $7.1m and spending of $5.5m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $7.1m (+58%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Ownership for Personal Empowerment Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Pathfinders Milwaukee Inc ($7.1m), Pedal the Cause ($7.1m) and Young Mens Christian Association of Wichita Falls ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $216k (3.9% of expenses). Other salaries and wages came to $772k. At year end it held assets of $60.3m against liabilities of $38.1m, net assets of $22.2m. It reported 12 employees.