Homeward Bound Pet Adoption Center Inc

Analysis

Homeward Bound Pet Adoption Center Inc is a registered charity in United States, based in Blackwood, NJ. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Pet Adoption Center Inc reported income of $3.6m and spending of $2.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.6m (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Homeward Bound Pet Adoption Center Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Onereef Worldwide Stewardship ($3.6m), Kauai Humane Society ($3.6m) and Pets Inc of the Midlands ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $131k (4.5% of expenses). Other salaries and wages came to $1.4m. It paid $75k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $84k, net assets of $1.8m. It reported 99 employees.