Assurance Home Inc

Analysis

Assurance Home Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in March 1978, 48 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 June 2023, Assurance Home Inc reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Assurance Home Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.1m), Donate Life America ($2.1m) and Archdiocesan Family Housing Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $1.8m against liabilities of $95k, net assets of $1.7m. It reported 29 employees.