United Methodist Homes Inc

Analysis

United Methodist Homes Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in December 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, United Methodist Homes Inc reported income of $10.7m and spending of $11.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $25.7m to $10.7m (-58%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Methodist Homes Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within KS. Charities of a similar size with the same main cause include Center for Civilians in Conflict ($10.7m), Young Mens Christian Assn of Kalamazoo ($10.7m) and Young Mens Christian Association ($10.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $916k (7.8% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $33.3m against liabilities of $28.2m, net assets of $5.1m. It reported 120 employees.