Samaritan Homes Inc

Analysis

Samaritan Homes Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in August 1995, 31 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, Samaritan Homes Inc reported income of $2.5m and spending of $2.5m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.5m (+38%), an average of +8.4% a year. The sharpest change came in the year to September 2022, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Samaritan Homes Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Arkansas Advocates for Children and Families ($2.5m), Carmel Foundation ($2.5m) and East Arkansas Youth Services Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 95% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $436k against liabilities of $137k, net assets of $299k. It reported 68 employees.