Homebase Homes Inc

Analysis

Homebase Homes Inc is a registered charity in United States, based in Scotts Valley, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 June 2023, Homebase Homes Inc reported income of $305k and spending of $310k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $307k to $305k (-0.7%), an average of -0.2% 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, Homebase Homes Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Greater Lansing Jewish Welfare Federation Inc ($305k), Friends of the Maui County Library ($305k) and Aid in Milan Inc ($305k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $49k. At year end it held assets of $667k against liabilities of $831k, net assets of -$164k.