Homestead Corporation Champaign - Urbana

Analysis

Homestead Corporation Champaign - Urbana is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in May 1996, 30 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, Homestead Corporation Champaign - Urbana reported income of $162k and spending of $153k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $162k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 107%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homestead Corporation Champaign - Urbana sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include Bourbon Garden Court Inc ($162k), Webb Park Inc ($162k) and Bridgeway McKinley ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 50% of the total. Other salaries and wages came to $26k. At year end it held assets of $758k against liabilities of $4,056, net assets of $754k. It reported 4 employees.