Our Hometown Charitable Foundation

Analysis

Our Hometown Charitable Foundation is a registered charity in United States, based in Burlington, CO. It received its IRS tax-exemption ruling in May 2015, 11 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 February 2024, Our Hometown Charitable Foundation reported income of $103k and spending of $171k, spending 165% of what it took in. Across the 5 years on record, from February 2020 to February 2024, income fell from $191k to $103k (-46%), an average of -14% a year. The sharpest change came in the year to February 2022, when income rose by 85%. Over the whole period it spent 117% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Our Hometown Charitable Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within CO. Charities of a similar size with the same main cause include Veterans Assistance Office Inc ($103k), Richland Center Food Pantry ($103k) and Mc-1 Foundation ($103k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 16% and program service revenue 82% of the total. Other salaries and wages came to $14k. At year end it held assets of $810k against liabilities of $1,760, net assets of $809k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.