Key Homes Inc

Analysis

Key Homes Inc is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2024, Key Homes Inc reported income of $126k and spending of $137k, spending 109% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $108k to $126k (+16%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Key Homes Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 48th percentile within SC. Charities of a similar size with the same main cause include SVDP I Housing Corp ($126k), Buchanan Housing Inc ($126k) and Athens Homeless Propertycorporation ($126k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 34% of the total. At year end it held assets of $443k against liabilities of $65k, net assets of $378k.