Heading Home

Analysis

Heading Home is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in January 2005, 21 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 June 2023, Heading Home reported income of $14.8m and spending of $12.2m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $14.8m (+215%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Heading Home sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Caritas Affordable Housing Inc ($14.7m), Canterbury Place ($14.9m) and Cedar Lake Village Inc ($14.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $257k (2.1% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $7.9m against liabilities of $802k, net assets of $7.1m. It reported 154 employees.