Homeownership Council of America

Analysis

Homeownership Council of America is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2007, 19 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, Homeownership Council of America reported income of $1.0m and spending of $632k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $1.0m (+252%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeownership Council of America sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 55th percentile within DC. Charities of a similar size with the same main cause include Growing Season-Illinois Inc ($1.0m), Gods Garage Inc ($1.0m) and Bethlehem Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $183k (29% of expenses). Other salaries and wages came to $197k. At year end it held assets of $1.2m against liabilities of $9,244, net assets of $1.2m. It reported 6 employees.