The Home Place Corporation

Analysis

The Home Place Corporation is a registered charity in United States, based in Grand Forks, ND. 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Home Place Corporation reported income of $53k and spending of $5,271, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $291k to $53k (-82%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Home Place Corporation sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 12th percentile within ND. Charities of a similar size with the same main cause include Impact Central Illinois ($53k), 1000 in Action ($53k) and Justice Compassion and Hope ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. At year end it held assets of $49k against liabilities of $29k, net assets of $20k.