Homeward Bound Foundation

Analysis

Homeward Bound Foundation is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in April 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homeward Bound Foundation reported income of $189k and spending of $171k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $198k to $189k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homeward Bound Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within MN. Charities of a similar size with the same main cause include Noe Valley Nursery School ($189k), Fleur D Sigmon Charitable TR ($189k) and Survivors Inc ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.1m against liabilities of $28k, net assets of $1.1m.