Home Association Inc

Analysis

Home Association Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1942, 84 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Home Association Inc reported income of $204k and spending of $131k, leaving 36% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $553k to $204k (-63%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 35% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Association Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Fenway Lodging House Inc ($204k), WHV Foundation ($204k) and Hermann Senior Housing Corporation ($204k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.4% of the total. Compensation of current officers, directors and key employees was $89k (68% of expenses). Other salaries and wages came to $23k. At year end it held assets of $4.5m against liabilities of $0, net assets of $4.5m.