Homeward Pikes Peak

Analysis

Homeward Pikes Peak is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in August 2004, 22 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 Pikes Peak reported income of $5.7m and spending of $4.8m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $5.7m (+164%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeward Pikes Peak sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Pafacom Inc ($5.7m), Ecs Housing Corporation ($5.8m) and Boston Rescue Mission Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $220k (4.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $10.1m against liabilities of $5.2m, net assets of $5.0m. It reported 58 employees.