Homewood Living Martinsburg Inc

Analysis

Homewood Living Martinsburg 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 health care, which this site groups under health and saving lives. 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, Homewood Living Martinsburg Inc reported income of $25.9m and spending of $26.3m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24.0m to $25.9m (+8.0%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Homewood Living Martinsburg Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Aroostook Mental Health Services Inc ($25.9m), American Public Health Association Inc ($25.9m) and Bedford Stuyvesant Family Health Center Inc ($25.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $180k (0.7% of expenses). Other salaries and wages came to $11.0m. At year end it held assets of $36.0m against liabilities of $14.3m, net assets of $21.7m.