Homemission

Analysis

Homemission is a registered charity in United States, based in Wichita Falls, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Homemission reported income of $534k and spending of $522k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $212k to $534k (+152%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Homemission sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Truc Lam Bao Chi Zen Buddhist Temple Corp ($534k), Chaiya Meditation Monastery ($535k) and Elca Youth Ministry Network ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $121k. At year end it held assets of $115k against liabilities of $189k, net assets of -$75k. It reported 2 employees.