Homeward Bound Program

Analysis

Homeward Bound Program is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 1998, 28 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 (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, Homeward Bound Program reported income of $171k and spending of $134k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $171k (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeward Bound Program sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Senior Living ($171k), Bethany Villa Housing Association Inc ($171k) and Valle de Sol Farm Labor Housing ($171k).

At year end it held assets of $0 against liabilities of $0, net assets of $0.