Homeward Bound Dog Rescue Inc

Analysis

Homeward Bound Dog Rescue Inc is a registered charity in United States, based in Monticello, MN. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Dog Rescue Inc reported income of $165k and spending of $168k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $165k (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 108% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Homeward Bound Dog Rescue Inc 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 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Cat Tail Acres Animal Sanctuary ($164k), Singer Sanctuary ($165k) and Paw Placement a Helping Hand for Pets ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $6,203 against liabilities of $0, net assets of $6,203.

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.