Homestead Valley Community Assn

Analysis

Homestead Valley Community Assn is a registered charity in United States, based in Mill Valley, CA. It received its IRS tax-exemption ruling in May 1949, 77 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Homestead Valley Community Assn reported income of $271k and spending of $269k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $340k to $271k (-20%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Homestead Valley Community Assn sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Downtown Driggs Association Inc ($271k), Rotary Zones 25 & 29 Foundation ($271k) and Abayomi Community Development Corporation ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 55% of the total. Other salaries and wages came to $134k. At year end it held assets of $317k against liabilities of $2,864, net assets of $314k.