Homefront Inc

Analysis

Homefront Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in April 1993, 33 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 September 2023, Homefront Inc reported income of $20.3m and spending of $19.8m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $12.6m to $20.3m (+61%), an average of +13% a year. The sharpest change came in the year to September 2020, when income rose by 34%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Homefront 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 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Ilisagvik College ($20.3m), Impact Org Inc ($20.3m) and Citizenship Trust ($20.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $342k (1.7% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $22.9m against liabilities of $1.9m, net assets of $21.0m. It reported 184 employees.