Project Home Again

Analysis

Project Home Again is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Project Home Again reported income of $442k and spending of $330k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $430k to $442k (+2.8%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Home Again sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Orlando Lutheran Towers Foundation Inc ($442k), The Rose and David Dortort Foundation ($442k) and Butte Amateur Hockey Association ($442k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $85k (26% of expenses). Other salaries and wages came to $16k. It paid $10k in professional fundraising fees. At year end it held assets of $455k against liabilities of $126k, net assets of $329k. It reported 2 employees.