Home Alliance Inc

Analysis

Home Alliance Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in January 2000, 26 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 Alliance Inc reported income of $404k and spending of $524k, spending 130% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $447k to $404k (-9.6%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Alliance Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Ohio Housing Authorities Conference ($404k), Vision Personal Care Home Inc ($405k) and Housing Development Corporation of Macon and Taylor County ($404k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $74k (14% of expenses). Other salaries and wages came to $23k. At year end it held assets of $3.4m against liabilities of $340k, net assets of $3.1m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.