NW Homestart Inc

Analysis

NW Homestart Inc is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in October 1997, 29 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 (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, NW Homestart Inc reported income of $280k and spending of $342k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $761k to $280k (-63%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 59%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NW Homestart Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Community Freindship Housing Services II Inc ($280k), Montgomery Housing Partnership Inc ($280k) and Troy Community Works Corporation ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $152k. At year end it held assets of $830k against liabilities of $64k, net assets of $766k. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.