Homeworks Ministries Inc

Analysis

Homeworks Ministries Inc is a registered charity in United States, based in Birdsboro, PA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homeworks Ministries Inc reported income of $285k and spending of $300k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $260k to $285k (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeworks Ministries Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Tri-County Vocational Center Inc ($285k), Triumphant Hands a NJ Nonprofit Corporation ($285k) and North Port Meals on Wheels Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $84k (28% of expenses). Other salaries and wages came to $69k. At year end it held assets of $133k against liabilities of $20k, net assets of $113k. It reported 11 employees.