Homenetmen of Greater Washington Inc

Analysis

Homenetmen of Greater Washington Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Homenetmen of Greater Washington Inc reported income of $205k and spending of $62k, leaving 70% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $41k to $205k (+396%), an average of +70% a year. The sharpest change came in the year to December 2022, when income rose by 401%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homenetmen of Greater Washington Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Frederick Douglass Marcus Garvey Leadership Academy ($205k), Florida Association of School Administrators Foundation Inc ($205k) and Salem Athletic Booster Club ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.9% and program service revenue 17% of the total. At year end it held assets of $353k against liabilities of $0, net assets of $353k.