Homefirst Services of Santa Clara County

Analysis

Homefirst Services of Santa Clara County is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 1980, 46 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 June 2023, Homefirst Services of Santa Clara County reported income of $51.2m and spending of $50.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.7m to $51.2m (+189%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homefirst Services of Santa Clara County sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Cabrini of Westchester ($51.2m), Wisconsin Lutheran College ($51.3m) and Community Health Care Inc ($51.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $1.0m (2.1% of expenses). Other salaries and wages came to $23.6m. At year end it held assets of $33.4m against liabilities of $16.5m, net assets of $16.9m. It reported 530 employees.