Advantage Home

Analysis

Advantage Home is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1999, 27 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 December 2023, Advantage Home reported income of $3.8m and spending of $3.9m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advantage Home sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Los Cabos Childrens Foundation ($3.8m), Trust Care Group Home Inc ($3.8m) and Adult Resource Alliance of Yellowstone County ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $180k (4.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 51 employees.