Home Sweet Home Ministries Inc

Analysis

Home Sweet Home Ministries Inc is a registered charity in United States, based in Bloomington, IL. It received its IRS tax-exemption ruling in September 1924, 102 years ago. 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 2024, Home Sweet Home Ministries Inc reported income of $3.7m and spending of $3.7m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.4m to $3.7m (+11%), an average of +2.6% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Sweet Home Ministries Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include San Diego County Medical Society Foundation ($3.7m), Homes with Hope Inc ($3.7m) and Council on Strategic Risks ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $126k (3.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $11.0m against liabilities of $273k, net assets of $10.7m. It reported 68 employees.