Returning Home Inc

Analysis

Returning Home Inc is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Returning Home Inc reported income of $819k and spending of $876k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $819k (+253%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Returning Home Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within AR. Charities of a similar size with the same main cause include Cape and Islands Workforce Development Board Inc ($819k), Midland Chamber of Commerce Foundation Inc ($819k) and Wellspring Cooperative Corporation ($818k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $125k (14% of expenses). Other salaries and wages came to $313k. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $883k. It reported 12 employees.