Homenetmen NYC Inc

Analysis

Homenetmen NYC Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in May 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, Homenetmen NYC Inc reported income of $59k and spending of $27k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $59k (+118%), an average of +118% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homenetmen NYC Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Litohorian Brotherhood Olympos Inc ($59k), Daviess Co Handicapped Children Fund Inc ($59k) and Harris County Medical Society Alliance Philanthropic Fund ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 22% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.