Homesafe of Sumner Wilson and Robertson Counties Inc

Analysis

Homesafe of Sumner Wilson and Robertson Counties Inc is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Homesafe of Sumner Wilson and Robertson Counties Inc reported income of $553k and spending of $572k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $449k to $553k (+23%), an average of +4.3% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homesafe of Sumner Wilson and Robertson Counties Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Childrens Learning Center ($553k), Griot Circle ($553k) and Beauregard Arc ($553k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $295k. At year end it held assets of $231k against liabilities of $151k, net assets of $80k. It reported 8 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.