Homemore Project Inc

Analysis

Homemore Project Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in October 2020, 6 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, Homemore Project Inc reported income of $109k and spending of $66k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $109k (+191%), an average of +191% a year. The sharpest change came in the year to December 2023, when income rose by 191%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homemore Project Inc sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Infinite Hope ($109k), Free Bikes 4 Kidz of Atlanta Co ($109k) and Vic James Center ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 9.2% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.