Homewoven

Analysis

Homewoven is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 1996, 30 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, Homewoven reported income of $3.4m and spending of $2.5m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.4m (+159%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homewoven sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within NE. Charities of a similar size with the same main cause include Adults & Childrens Alliance Inc ($3.4m), Methodist Home for Children ($3.4m) and Storehouse New Mexico ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $142k (5.5% of expenses). Other salaries and wages came to $677k. At year end it held assets of $3.3m against liabilities of $888k, net assets of $2.4m. It reported 15 employees.