Homeboy Services Inc

Analysis

Homeboy Services Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Homeboy Services Inc reported income of $8.2m and spending of $8.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $8.2m (+336%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Homeboy Services Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Goodwill Industries of Wayne and Holmes Counties Inc ($8.2m), Waco Entrepreneurial Ecosystem Collaborative Inc ($8.2m) and Valley Economic Development Partners Inc ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $66k against liabilities of $6,308, net assets of $60k.