Ingleside Homes Inc

Analysis

Ingleside Homes Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 1972, 54 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, Ingleside Homes Inc reported income of $8.6m and spending of $8.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $8.6m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ingleside 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 94th percentile, and in the 95th percentile within DE. Charities of a similar size with the same main cause include Martin Luther King Multi-Service Center Indianapolis Incorporated ($8.6m), Arlington Thrive Inc ($8.6m) and Girls Haven ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $332k (3.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $17.6m against liabilities of $13.1m, net assets of $4.5m. It reported 181 employees.