Home at Last Community Development Corporation

Analysis

Home at Last Community Development Corporation is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Home at Last Community Development Corporation reported income of $18.1m and spending of $18.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $18.1m (+374%), an average of +48% a year. The sharpest change came in the year to December 2020, when income rose by 271%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Home at Last Community Development Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include National Center for Construction Education Research ($18.0m), First Coast Workforce Development Inc ($18.1m) and Bridgeway Capital Inc ($18.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $7.5m against liabilities of $7.5m, net assets of $12k.