Homework Hangout Club

Analysis

Homework Hangout Club is a registered charity in United States, based in Decatur, IL. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Homework Hangout Club reported income of $1.7m and spending of $1.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.7m (-22%), an average of -6.0% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Homework Hangout Club sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Boy Scouts of America ($1.7m), Frank Callen Boys and Girls Club Inc ($1.7m) and Lower Merion Soccer Club ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $286k (15% of expenses). Other salaries and wages came to $634k. At year end it held assets of $368k against liabilities of $603k, net assets of -$235k. It reported 28 employees.