Home Ports

Analysis

Home Ports is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in September 2007, 19 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, Home Ports reported income of $54k and spending of $64k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $43k to $54k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home Ports sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within MD. Charities of a similar size with the same main cause include The Last House of Second Chances ($54k), Los Angeles Foundation on Aging ($54k) and Headwaters Food Pantry Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $20k against liabilities of $2,830, net assets of $17k.