Homewood Living Frederick Inc

Analysis

Homewood Living Frederick 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 (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 Frederick Inc reported income of $44.9m and spending of $40.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $37.3m to $44.9m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homewood Living Frederick Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Orange Grove Center Inc ($44.8m), Goodwill Industries of San Antonio Contract Services ($44.9m) and Cincinnati-Hamilton County Community Action Agency ($44.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $212k (0.5% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $228.0m against liabilities of $171.7m, net assets of $56.3m.