Homewardbound of the Grand Valley

Analysis

Homewardbound of the Grand Valley is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in May 2002, 24 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 September 2023, Homewardbound of the Grand Valley reported income of $2.2m and spending of $2.7m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $2.2m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homewardbound of the Grand Valley sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Ascension Living Via Christi Village Georgetown ($2.2m), Mission Norman Inc ($2.2m) and Mansfield Retirement Community Inc ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $8.8m against liabilities of $4.6m, net assets of $4.2m. It reported 44 employees.