Homewood Science Center

Analysis

Homewood Science Center is a registered charity in United States, based in Homewood, IL. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Homewood Science Center reported income of $216k and spending of $202k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $216k (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Homewood Science Center sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include El Ballet Folklorico Estudiantil ($216k), Sonoma Childrens Creative & Performing Arts ($216k) and Camille Catherine Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $55k. At year end it held assets of $420k against liabilities of $4,319, net assets of $416k. It reported 4 employees.