Hometown Education Foundation Inc

Analysis

Hometown Education Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 2005, 21 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 December 2023, Hometown Education Foundation Inc reported income of $603k and spending of $337k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $603k (+155%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hometown Education Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include South Georgia State College Foundation Inc ($603k), Kidsmatter Foundation Inc ($603k) and Jeremiah School ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $918k against liabilities of $0, net assets of $918k.