Homeaid America Inc

Analysis

Homeaid America Inc is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in October 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 December 2023, Homeaid America Inc reported income of $3.4m and spending of $2.8m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.4m (+96%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeaid America Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Young Mens Christian Association & Womans Educational & Industrial UN ($3.4m), Waves Inc ($3.4m) and Safehouse Progressive Alliance for Nonviolence Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $232k (8.2% of expenses). Other salaries and wages came to $514k. At year end it held assets of $2.3m against liabilities of $275k, net assets of $2.0m. It reported 8 employees.