Homestead Health Center Inc

Analysis

Homestead Health Center Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 July 2023, Homestead Health Center Inc reported income of $5.8m and spending of $5.0m, spending 87% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $5.0m to $5.8m (+16%), an average of +3.8% a year. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Homestead Health Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include Health Care Centers in Schools ($5.8m), Easterseals Capital Region & Eastern Connecticut Inc ($5.8m) and Faith Community Pharmacy Inc ($5.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $92k (1.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $1.0m. It reported 121 employees.