Homes in Partnership Inc

Analysis

Homes in Partnership Inc is a registered charity in United States, based in Eustis, FL. It received its IRS tax-exemption ruling in September 1976, 50 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Homes in Partnership Inc reported income of $4.8m and spending of $4.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $4.8m (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes in Partnership Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Starting Over Inc ($4.8m), Westchester Residential Opportunities Inc ($4.8m) and Agewise Living Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $258k (6.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $10.7m against liabilities of $797k, net assets of $9.9m. It reported 19 employees.