Homework House Inc

Analysis

Homework House Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Homework House Inc reported income of $455k and spending of $462k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $277k to $455k (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homework House Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include South Carolina First Steps to School Readiness Board of Trustees ($455k), Moemaka Multimedia ($455k) and Lake Cumberland Wildlife Refuge Inc ($455k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $67k (14% of expenses). Other salaries and wages came to $268k. At year end it held assets of $363k against liabilities of $38k, net assets of $325k. It reported 34 employees.