Operation Home Inc

Analysis

Operation Home Inc is a registered charity in United States, based in North Charleston, SC. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Operation Home Inc reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $873k to $1.3m (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Operation Home Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within SC. Charities of a similar size with the same main cause include Grace Covenant Child Development Center ($1.3m), Fight for Children Inc ($1.3m) and Apni Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $94k (6.9% of expenses). Other salaries and wages came to $179k. At year end it held assets of $667k against liabilities of $103k, net assets of $564k. It reported 5 employees.