Homebase

Analysis

Homebase is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Homebase reported income of $11.7m and spending of $11.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.6m to $11.7m (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Homebase sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Rubin Museum of Art ($11.7m), Swim Across America Inc ($11.7m) and Northland Foundation ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $969k (8.8% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $5.5m against liabilities of $1.4m, net assets of $4.1m. It reported 83 employees.