Homewood Church of Christ Day School

Analysis

Homewood Church of Christ Day School is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in December 2000, 26 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 September 2023, Homewood Church of Christ Day School reported income of $796k and spending of $783k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $687k to $796k (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2021, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homewood Church of Christ Day School sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within AL. Charities of a similar size with the same main cause include The Frances and Henry Riecken Foundation Inc ($796k), Cahawba Christian Academy Incorporated ($797k) and Brotherton Fund ($796k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $102k (13% of expenses). Other salaries and wages came to $584k. At year end it held assets of $348k against liabilities of $67k, net assets of $281k. It reported 66 employees.