Home Works of America Inc

Analysis

Home Works of America Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in February 1998, 28 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 2022, Home Works of America Inc reported income of $1.1m and spending of $1.1m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $704k to $1.1m (+50%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Works of America Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within SC. Charities of a similar size with the same main cause include Little Brothers-Friends of the Elderly ($1.1m), Early Encounters Inc ($1.1m) and Austin Diaper Bank ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $120k (11% of expenses). Other salaries and wages came to $277k. At year end it held assets of $253k against liabilities of $84k, net assets of $169k. It reported 6 employees.