Homeworks Trenton Inc

Analysis

Homeworks Trenton Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Homeworks Trenton Inc reported income of $1.3m and spending of $586k, leaving 54% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $254k to $1.3m (+397%), an average of +71% a year. The sharpest change came in the year to June 2021, when income rose by 302%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homeworks Trenton Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Christ Church Day Care Inc ($1.3m), Citation Jet Pilots Safety and Education Foundation Inc ($1.3m) and French Montessori Preschool of San ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (7.5% of expenses). Other salaries and wages came to $175k. At year end it held assets of $1.9m against liabilities of $29k, net assets of $1.8m. It reported 11 employees.