David and Margaret Home Inc

Analysis

David and Margaret Home Inc is a registered charity in United States, based in LA Verne, CA. It received its IRS tax-exemption ruling in December 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, David and Margaret Home Inc reported income of $16.4m and spending of $15.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $16.7m to $16.4m (-1.8%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income rose by 173%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, David and Margaret Home Inc 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 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Third and Oak Corporation ($16.4m), The Southington-Cheshire Community Ymcas Inc ($16.4m) and Berkshire Retirement Community Inc ($16.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $8.0m. At year end it held assets of $9.1m against liabilities of $2.8m, net assets of $6.3m. It reported 215 employees.