Home Point Services Inc

Analysis

Home Point Services Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Home Point Services Inc reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.4m (+31%), an average of +7.0% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Point Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Alliance for Children and Families Inc ($3.4m), Skyline Cap Inc ($3.4m) and Seneca Towers Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $764k against liabilities of $30k, net assets of $734k. It reported 33 employees.