Assisi Homes Inc

Analysis

Assisi Homes Inc is a registered charity in United States, based in St Francisville, LA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Assisi Homes Inc reported income of $478k and spending of $469k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $402k to $478k (+19%), an average of +4.4% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Assisi Homes Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include The Family Service Association of Oneonta New York Inc ($478k), Association of Chevros Kadisha Inc ($478k) and Simpson Rural Fire Department Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.4m against liabilities of $1.6m, net assets of -$148k.