Congregational Homes

Analysis

Congregational Homes is a registered charity in United States, based in Pomona, CA. It received its IRS tax-exemption ruling in March 1964, 62 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Congregational Homes reported income of $36.5m and spending of $37.3m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $30.2m to $36.5m (+21%), an average of +4.8% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Congregational Homes sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Richcroft Inc ($36.5m), Catholic Charities Maine ($36.5m) and Oats Inc ($36.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $635k (1.7% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $163.2m against liabilities of $126.9m, net assets of $36.3m. It reported 419 employees.