Homeward Alliance Inc

Analysis

Homeward Alliance Inc is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Alliance Inc reported income of $4.7m and spending of $4.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.7m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeward Alliance Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Canton for All People Inc ($4.7m), Cradle Foundation ($4.7m) and Cornucopia Adult & Family Services ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $133k (3.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.3m against liabilities of $1.3m, net assets of $2.0m. It reported 62 employees.