Homewoodliving Foundation Inc

Analysis

Homewoodliving Foundation 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 human services, which this site groups under poverty relief. 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, Homewoodliving Foundation Inc reported income of $2.9m and spending of $1.2m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $2.9m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 182% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homewoodliving Foundation Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Dale Association Inc ($2.9m), Childrens Day Nursery and Family Center ($2.9m) and Womenshelter of Long Beach ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Compensation of current officers, directors and key employees was $277k (24% of expenses). Other salaries and wages came to $261k. At year end it held assets of $18.0m against liabilities of $2.0m, net assets of $16.0m.