Homework Hotline Inc

Analysis

Homework Hotline Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Homework Hotline Inc reported income of $342k and spending of $202k, leaving 41% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $254k to $342k (+35%), an average of +6.1% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homework Hotline Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include Discovery Learners Academy ($342k), Natural Bridges ($342k) and NJ Education and Parnasah Institute ($342k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $65k (32% of expenses). Other salaries and wages came to $87k. At year end it held assets of $612k against liabilities of $3,903, net assets of $608k. It reported 27 employees.