Homes of Promise Limited

Analysis

Homes of Promise Limited is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Homes of Promise Limited reported income of $527k and spending of $797k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $527k (+269%), an average of +269% a year. The sharpest change came in the year to December 2023, when income rose by 269%. Over the whole period it spent 140% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Homes of Promise Limited 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 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Get Free Movement Fund Inc ($526k), New Vision Inc ($527k) and Central Alabama Crimestoppers Inc ($526k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $57k against liabilities of $305k, net assets of -$248k. It reported 2 employees.