Home Ownership Made Easy Home Inc

Analysis

Home Ownership Made Easy Home Inc is a registered charity in United States, based in Sheboygan, WI. It received its IRS tax-exemption ruling in September 1998, 28 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, Home Ownership Made Easy Home Inc reported income of $316k and spending of $339k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $316k (+14%), an average of +3.3% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Ownership Made Easy Home Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include Trailer Terrace Community Inc ($316k), Allegheny Council to Improve Our Neighborhoods-Housing Incorporated ($316k) and Bishop T Garrott Benjamin Jr Senior Living Center Inc ($316k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.4% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $75k (22% of expenses). At year end it held assets of $642k against liabilities of $147k, net assets of $495k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.