Homeowners Impact Fund

Analysis

Homeowners Impact Fund is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 2021, 5 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, Homeowners Impact Fund reported income of $171k and spending of $154k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $171k (+2.4%), an average of +2.4% a year. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeowners Impact Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Eat Your Yard Jax Inc ($171k), Residential Options of Florida Inc ($171k) and Roscommon County Food Pantry Inc ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $50k against liabilities of $537, net assets of $50k.