Homework Central

Analysis

Homework Central is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Homework Central reported income of $338k and spending of $337k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $225k to $338k (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 28%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homework Central sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include STEM Santa Fe ($338k), Literacy Volunteers of America - Laclede Literacy Council ($338k) and Pseads ($338k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $77k (23% of expenses). Other salaries and wages came to $164k. At year end it held assets of $338k against liabilities of $231k, net assets of $107k. It reported 30 employees.