Billys Homeplace Inc

Analysis

Billys Homeplace Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2021, 5 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 December 2023, Billys Homeplace Inc reported income of $390k and spending of $184k, leaving 53% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $101k to $390k (+284%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Billys Homeplace Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Afro Charities Inc ($390k), Sarasota Institute of Lifetime Learning Inc ($390k) and South Dakota Agricultural and Rural Leadship Foundaiton ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $328k against liabilities of $177, net assets of $328k.