Home of Potential and Excellence Inc

Analysis

Home of Potential and Excellence Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 of Potential and Excellence Inc reported income of $204k and spending of $236k, spending 116% of what it took in. Across the 2 years on record, from December 2023 to June 2024, income fell from $383k to $204k (-47%), an average of -47% a year. The sharpest change came in the year to June 2024, when income dropped by 47%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Home of Potential and Excellence Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within TN. Charities of a similar size with the same main cause include The Academy Opportunity Scholarship Fund ($204k), Shorewood Supporters of Excellence in Educational Development FDN Inc ($204k) and Mercy Christian Academy ($204k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $44k (19% of expenses). Other salaries and wages came to $114k. At year end it held assets of $195k against liabilities of $4,015, net assets of $191k. It reported 30 employees.