Home Based Services Initiative LLC

Analysis

Home Based Services Initiative LLC is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in May 2020, 6 years ago. 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, Home Based Services Initiative LLC reported income of $4.4m and spending of $4.0m, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $3.7m to $4.4m (+19%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Based Services Initiative LLC 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 91st percentile, and in the 92nd percentile within MT. Charities of a similar size with the same main cause include Veterans Recovery Resources ($4.4m), Piedmont Residential Development Center Inc ($4.4m) and Holston Habitat for Humanity Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $1.4m against liabilities of $234k, net assets of $1.1m.