Homeward Bound in Puyallup

Analysis

Homeward Bound in Puyallup is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in September 2011, 15 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 December 2023, Homeward Bound in Puyallup reported income of $499k and spending of $549k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $401k to $499k (+24%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homeward Bound in Puyallup sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within WA. Charities of a similar size with the same main cause include Caritas Housing Corporation ($499k), Kearny Senior Residence Inc ($499k) and Mid-East Housing Incorporated ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $86k (16% of expenses). At year end it held assets of $612k against liabilities of $252k, net assets of $359k. It reported 12 employees.