Homework Central EIN 94-3368576

Homework Central

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Provides free tutoring and family support to help low-income children succeed in school. For fiscal year 2024 it reported $677K in revenue, $612K in expenses, and $140K in net assets.Pt I

Founded
2000
Type
Public charity (501(c)(3)) · Education
Location
San Mateo, CA
Website
www.homework-central.org
Filings
5 on file (2020–2024)
Revenue
$677KFY2024
Expenses
$612K
Net assets
$140K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  94-3368576 Public charity (501(c)(3)) San Mateo, CA Founded 2000
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides free tutoring and family support to help low-income children succeed in school.
Leadership
Padma Gargeya · Executive Director · $82K
Money in and out
$677K revenue, $612K expenses
Bottom line
76% program efficiency
Where the money goes · FY2024
Total revenue
$677K
Pt VIII · Ln 12
Total expenses
$612K
Pt IX · Ln 25
Net assets
$140K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $65K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.22 Fundraising $0.02
Program efficiency
76%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
3.5mo
months of highly liquid reserves at operating expense rate▼ -36% vs prior filing year
Surplus margin
+10%
revenue over expenses, this year▲ +216% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$677K
FY2024▲ +55%
Expenses
$612K
FY2024▲ +30%
Total assets
$359K
FY2024▲ +23%
Total liabilities
$219K
FY2024▼ -2%
Total revenue
$677K
Pt VIII · Ln 12
Total expenses
$612K
Pt IX · Ln 25
Net assets
$140K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$65K
Total assetsPt X · Ln 16$359K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $464K of program spending, described in the organization's own filed words · FY2024.
01

During fiscal year 2024-2025, Homework Central delivered 30-34 weeks of support to serve nearly 200 registered elementary school-aged children and their families. Including the past year, Homework Central has served San Mateo children for twenty-seven years, helping them develop academic practices and habits, forge positive relationships…

$464Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHomework Central
EINHdr · item D94-3368576
Principal addressHdr · item CSan Mateo, CA
WebsiteHdr · item Jwww.homework-central.org
Year of formationHdr · item L2000
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B80)
Ruling yearIRS BMFNov 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$82,038Pt VII · Sec A
$0Pt VII · Sec A
Director (through Nov 2024)
$0Pt VII · Sec A
Director & Treasurer (through Jun 2025)
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair (through Feb 2025)
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Padma Gargeya’s $82K as Executive Director is at the 73rd percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Padma Gargeya$82,038$76,692$59,000$59,000$59,000$22,893
Tricia Dell$26,958

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$633K · 93%
Other revenue$36K · 5%
Investment income$8K · 1%
Contributions & grants93%$633K
Other revenue5%$36K
Investment income1%$8K
Total revenueLn 12$677K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.22 Fundraising $0.02
Program services76%$464K
Management & general22%$133K
Fundraising2%$15K
Total functional expensesLn 25$612K

Balance Sheet

Part X · end of year
CashLn 1$179K
Total assetsLn 16$359K
Total liabilitiesLn 26$219K
Total net assetsLn 32$140K
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $179K · Operating expenses/yr $612K
3.5 months
Where the money goes
Program services
Program services $464K · Total expenses $612K
76%
Management & General
Management & general $133K · Total expenses $612K
22%
Fundraising
Fundraising $15K · Total expenses $612K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $447K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $633K · Total revenue $677K
93%
Government reliance
Government grants — · Total revenue $677K
Earned-income share
Program service revenue $0 · Total revenue $677K
0%
Investment reliance
Investment income $8K · Total revenue $677K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $612K
0%
Growth & trend
Revenue growth (YoY)
This year $677K · Prior year $436K
+55%
Revenue CAGR
FY2019 $217K · FY2024 $677K
+26%
Net-asset trend (YoY)
End of year $140K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $677K · Expenses $612K
+10%
Liabilities-to-Assets
Total liabilities — · Total assets $359K
Net-asset ratio
Net assets $140K · Total assets $359K
39%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $359K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Padma Gargeya · Reported title Executive Director · Highest reported compensation $82K · Total expenses $612K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $527K · Total expenses $612K
86%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 22%
Fundraising cost ratio 2%
Revenue growth 55%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$436K revenue · ⤓ 990 PDF
FY2023$338K revenue · ⤓ 990 PDF
FY2022$339K revenue · ⤓ 990 PDF
FY2021$265K revenue · ⤓ 990 PDF
FY2020$217K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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