My Home Inc

Analysis

My Home Inc is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in May 1991, 35 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, My Home Inc reported income of $252k and spending of $304k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $647k to $252k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, My Home Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Rome-Floyd County Community Soup Kitchen Inc ($252k), Cho Inc ($252k) and Smith County Help Center Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $36k (12% of expenses). Other salaries and wages came to $66k. At year end it held assets of $79k against liabilities of $0, net assets of $79k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.