Operation Homefront Inc

Analysis

Operation Homefront Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Operation Homefront Inc reported income of $47.5m and spending of $45.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.7m to $47.5m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Operation Homefront Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Work Incorporated ($47.4m), Central Florida Regional Workforce Development Board Inc ($47.8m) and Goodwill of the Great Plains ($47.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1.3m (2.8% of expenses). Other salaries and wages came to $9.1m. It paid $4.2m in professional fundraising fees. At year end it held assets of $54.9m against liabilities of $4.4m, net assets of $50.5m. It reported 156 employees.