Homewood City Schools Foundation Inc

Analysis

Homewood City Schools Foundation Inc is a registered charity in United States, based in Homewood, AL. It received its IRS tax-exemption ruling in June 1995, 31 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 2023, Homewood City Schools Foundation Inc reported income of $445k and spending of $191k, leaving 57% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $564k to $445k (-21%), an average of -7.6% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homewood City Schools Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within AL. Charities of a similar size with the same main cause include Friends of Forensics ($445k), Touchstones Discussion Project Inc ($445k) and Each One Teach One ($445k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% of the total. Other salaries and wages came to $42k. At year end it held assets of $1.7m against liabilities of $118k, net assets of $1.6m. It reported 1 employees.