Homeaid Atlanta Inc

Analysis

Homeaid Atlanta Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2022, Homeaid Atlanta Inc reported income of $1.1m and spending of $1.0m, spending 93% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $748k to $1.1m (+49%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Homeaid Atlanta Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Seneca Facilities Corporation ($1.1m), Southwest Brooklyn Industrial Development Corporation ($1.1m) and Octane Foundation for Innovation ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $104k (10% of expenses). Other salaries and wages came to $189k. At year end it held assets of $928k against liabilities of $231k, net assets of $697k. It reported 22 employees.