Home Non-Profit Housing Corp

Analysis

Home Non-Profit Housing Corp is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in June 1976, 50 years ago. 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 September 2023, Home Non-Profit Housing Corp reported income of $410k and spending of $456k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $260k to $410k (+58%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Non-Profit Housing Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include India Foundation ($410k), Fostering Hope Austin ($411k) and Ignite Academy ($410k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $263k. At year end it held assets of $152k against liabilities of $25k, net assets of $127k. It reported 10 employees.