Solutions in Hometown Connections Corp

Analysis

Solutions in Hometown Connections Corp is a registered charity in United States, based in Greenbelt, MD. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Solutions in Hometown Connections Corp reported income of $713k and spending of $533k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $713k (+382%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Solutions in Hometown Connections Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Hope Learning Center ($713k), Phillis Wheatley Association ($713k) and Wesley House Association ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (22% of expenses). Other salaries and wages came to $241k. At year end it held assets of $340k against liabilities of $48k, net assets of $292k. It reported 33 employees.