Homewood Living Williamsport Inc

Analysis

Homewood Living Williamsport Inc is a registered charity in United States, based in Williamsport, MD. It received its IRS tax-exemption ruling in September 1953, 73 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homewood Living Williamsport Inc reported income of $21.1m and spending of $21.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.8m to $21.1m (+12%), an average of +3.0% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homewood Living Williamsport Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Energy Coordinating Agency of Philadelphia Inc ($21.1m), Greater Minnesota Housing Fund ($21.1m) and Bethany on 42nd ($21.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $222k (1.0% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $33.8m against liabilities of $24.4m, net assets of $9.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.