Homefront Inc

Analysis

Homefront Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in June 2006, 20 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 August 2023, Homefront Inc reported income of $465k and spending of $593k, spending 128% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $500k to $465k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to August 2020, when income rose by 42%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homefront Inc 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 69th percentile, and in the 67th percentile within CT. Charities of a similar size with the same main cause include Open Arms of Blue Ridge Inc ($465k), Scalabrini Lay Movement Inc ($465k) and Love Inc of Wexford and Osceola Counties ($465k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $262k. At year end it held assets of $346k against liabilities of $213k, net assets of $132k. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.