Homesight

Analysis

Homesight is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Homesight reported income of $7.5m and spending of $6.0m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $7.5m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2020, when income rose by 62%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homesight sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Delaware Valley Industrial Resource Center ($7.5m), Testimonial Community Love Center ($7.5m) and Disability Rights Wisconsin Inc ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $200k (3.3% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $66.5m against liabilities of $14.1m, net assets of $52.4m. It reported 42 employees.