Homesnow

Analysis

Homesnow is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Homesnow reported income of $131k and spending of $88k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $116k to $131k (+13%), an average of +13% a year. 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, Homesnow sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include Timber Hills Housing of Prentiss County Inc ($131k), Compton Initiative ($131k) and Wounded Warriors of Alabama Inc ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.