Down Home

Analysis

Down Home is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in June 2018, 8 years ago. 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, Down Home reported income of $566k and spending of $522k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $566k (+159%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Down Home 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 72nd percentile, and in the 69th percentile within ND. Charities of a similar size with the same main cause include A Womans Concern Inc ($566k), Pacific Cancer Foundation ($566k) and Baltimore Youth Hockey Club Inc ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $70k (13% of expenses). Other salaries and wages came to $154k. At year end it held assets of $454k against liabilities of $0, net assets of $454k. It reported 8 employees.