Homewood Living Ministries Inc

Analysis

Homewood Living Ministries Inc is a registered charity in United States, based in Williamsport, MD. It received its IRS tax-exemption ruling in July 1995, 31 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 Ministries Inc reported income of $8.3m and spending of $7.5m, spending 90% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $5.2m to $8.3m (+58%), an average of +9.6% a year. The sharpest change came in the year to December 2020, when income rose by 452%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homewood Living Ministries 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 93rd percentile within MD. Charities of a similar size with the same main cause include Housing Development Alliance Inc ($8.3m), Willow Gardens Inc ($8.3m) and Virginia Mennonite Retirement Community ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% of the total. Compensation of current officers, directors and key employees was $2.5m (34% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $49.5m against liabilities of $1.9m, net assets of $47.6m. It reported 1,546 employees.