Home Ownership Made Easy

Analysis

Home Ownership Made Easy is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Home Ownership Made Easy reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+9.5%), an average of +2.3% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Ownership Made Easy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include California League Fresno Village ($1.2m), Ahepa 58 Inc ($1.2m) and Wayfinders Ohio Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $431k. At year end it held assets of $4.1m against liabilities of $3.7m, net assets of $382k. It reported 8 employees.