Homewood Corporation

Analysis

Homewood Corporation is a registered charity in United States, based in Milwaukie, OR. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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, Homewood Corporation reported income of $3.5m and spending of $3.2m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.8m to $3.5m (+26%), an average of +4.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homewood Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Aldar Academy ($3.5m), Ellington Fund ($3.5m) and Ohio State Moose Association Museum Inc ($3.5m).

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 $1.0m. At year end it held assets of $7.1m against liabilities of $6.1m, net assets of $964k. It reported 32 employees.