Homebound Services Inc

Analysis

Homebound Services Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in July 1982, 44 years ago. 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, Homebound Services Inc reported income of $57k and spending of $55k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $61k to $57k (-6.4%), an average of -6.4% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homebound Services Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within GA. Charities of a similar size with the same main cause include New Beginnings Thoroughbreds ($57k), PTA Oklahoma Congress ($57k) and Union Fire Company of Ballston Spa Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. At year end it held assets of $46k against liabilities of $631, net assets of $46k.