Home of Life Community Development Corporation

Analysis

Home of Life Community Development Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2026. 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 2021, Home of Life Community Development Corporation reported income of $673k and spending of $587k, spending 87% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $450k to $673k (+50%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home of Life Community Development Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Play for Peace ($673k), Candy Apple Pre School Center Inc ($673k) and Connection Cafe ($673k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $105k (18% of expenses). Other salaries and wages came to $196k. At year end it held assets of $1.2m against liabilities of $764k, net assets of $398k. It reported 15 employees.