The Homestead Co-Op

Analysis

The Homestead Co-Op is a registered charity in United States, based in Globe, AZ. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Homestead Co-Op reported income of $224k and spending of $219k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $224k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Homestead Co-Op sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within AZ. Charities of a similar size with the same main cause include Ceed Center for Environmental Education and Discovery Inc ($224k), Friends of Portland Adult Education ($224k) and Women in America Inc ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $63k (29% of expenses). Other salaries and wages came to $72k. At year end it held assets of $119k against liabilities of $100k, net assets of $19k. It reported 7 employees.