Home Builders Care Foundation Inc

Analysis

Home Builders Care Foundation Inc is a registered charity in United States, based in Fulton, MD. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Home Builders Care Foundation Inc reported income of $467k and spending of $434k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $467k (+1.4%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Builders Care Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Volunteers of America Inc ($467k), Former Texas Rangers Foundation ($467k) and Music Studio of Westchester Inc ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $101k (23% of expenses). At year end it held assets of $3.7m against liabilities of $158k, net assets of $3.6m.