Homers 2 42 Inc

Analysis

Homers 2 42 Inc is a registered charity in United States, based in Lenexa, KS. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Homers 2 42 Inc reported income of $218k and spending of $244k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $261k to $218k (-16%), an average of -4.4% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homers 2 42 Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KS. Charities of a similar size with the same main cause include W H Pepper Preschool Inc ($218k), Educational Foundation of the Shades Valley Rotary Club ($218k) and Andrew High School Music Parents Association ($218k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 1.4% of the total. Other salaries and wages came to $104k. At year end it held assets of $416k against liabilities of $302k, net assets of $114k. It reported 28 employees.