USA Homeownership Foundation Inc

Analysis

USA Homeownership Foundation Inc is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in November 2012, 14 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, USA Homeownership Foundation Inc reported income of $5.8m and spending of $6.8m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.3m to $5.8m (-6.7%), an average of -1.7% a year. The sharpest change came in the year to December 2020, when income rose by 25%. 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, USA Homeownership Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Corporate Counsel Women of Color Inc ($5.8m), Crisis Center for South Suburbia ($5.8m) and Neighborhood House Association ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $2.5m against liabilities of $567k, net assets of $1.9m. It reported 26 employees.