Homeownership Education Resource Organization

Analysis

Homeownership Education Resource Organization is a registered charity in United States, based in Pierre, SD. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Homeownership Education Resource Organization reported income of $262k and spending of $262k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $786k to $262k (-67%), an average of -20% a year. The sharpest change came in the year to June 2021, when income dropped by 53%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeownership Education Resource Organization sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within SD. Charities of a similar size with the same main cause include Frye School Housing Development Inc ($262k), New Leaf Community Services ($262k) and Kce Inc ($262k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.