Home Line

Analysis

Home Line is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in November 1999, 27 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 Line reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $829k to $1.7m (+101%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Line sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Hope Coalition ($1.7m), Habitat for Humanity International Inc ($1.7m) and Catalyst for Change Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $73k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $639k, net assets of $680k. It reported 32 employees.