Home in Stead Inc

Analysis

Home in Stead Inc is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in July 1985, 41 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 December 2023, Home in Stead Inc reported income of $141k and spending of $170k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $141k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home in Stead Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include College Park Community Food Bank ($141k), Greater Marietta Community Food Pantry ($141k) and PTS Foundation ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $102k against liabilities of $30k, net assets of $72k.