Homeward Vets Inc

Analysis

Homeward Vets Inc is a registered charity in United States, based in Southampton, MA. It received its IRS tax-exemption ruling in June 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 Vets Inc reported income of $81k and spending of $93k, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $191k to $81k (-58%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeward Vets Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 39th percentile within MA. Charities of a similar size with the same main cause include Sportsmens Wildlife Foundation ($81k), Hope Day Network Inc ($81k) and Seville Senior Citizens Corporation ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.