Christian Homes Inc

Analysis

Christian Homes Inc is a registered charity in United States, based in Holdrege, NE. It received its IRS tax-exemption ruling in December 1946, 80 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 June 2024, Christian Homes Inc reported income of $10.3m and spending of $10.4m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $8.2m to $10.3m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Homes Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NE. Charities of a similar size with the same main cause include American Youthworks ($10.3m), Legal Aid Service of Broward County Inc ($10.3m) and National Church Residences ($10.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.2% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $134k (1.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $8.3m against liabilities of $7.6m, net assets of $773k. It reported 99 employees.