Homestead Hospice House Inc

Analysis

Homestead Hospice House Inc is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in January 2002, 24 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, Homestead Hospice House Inc reported income of $68k and spending of $54k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $37k to $68k (+86%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 240%. Over the whole period it spent 167% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homestead Hospice House Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 23rd percentile within MN. Charities of a similar size with the same main cause include Hesston Area Seniors Inc ($68k), Pulaski Animal Center Inc ($68k) and Lutheran Coalition for Habitat Inc ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. Compensation of current officers, directors and key employees was $3,900 (7.3% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.