Homecoming Project

Analysis

Homecoming Project is a registered charity in United States, based in Bel Air, MD. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Homecoming Project reported income of $367k and spending of $390k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $381k to $367k (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homecoming Project sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Kansas Hispanic Education & Development Foundation ($367k), Play Frontier ($367k) and Global Education Foundation ($366k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 15% of the total. Other salaries and wages came to $190k. At year end it held assets of $1.0m against liabilities of $327k, net assets of $677k. It reported 5 employees.