Homestretch Inc

Analysis

Homestretch Inc is a registered charity in United States, based in Roswell, GA. It received its IRS tax-exemption ruling in November 1994, 32 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 June 2023, Homestretch Inc reported income of $741k and spending of $944k, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $741k (-32%), an average of -9.0% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homestretch Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Saint Ann School Foundation Inc ($740k), Student Senate Association of Purchase Inc-State U of Ny ($741k) and Fort Worth Colonial Charities Inc ($740k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $89k (9.4% of expenses). Other salaries and wages came to $158k. At year end it held assets of $3.1m against liabilities of $337k, net assets of $2.7m. It reported 11 employees.