Home Inc

Analysis

Home Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 1994, 32 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 (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 2023, Home Inc reported income of $156k and spending of $157k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $161k to $156k (-3.2%), an average of -0.8% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within SC. Charities of a similar size with the same main cause include Church Housing Corporation ($156k), Ewing Community Seniors Housing Inc ($156k) and Trinity United Methodist Housing Corporation ($155k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 48% of the total. At year end it held assets of $625k against liabilities of $14k, net assets of $612k.