Home Port Inc

Analysis

Home Port Inc is a registered charity in United States, based in Benton, AR. It received its IRS tax-exemption ruling in June 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Home Port Inc reported income of $82k and spending of $72k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $81k to $82k (+1.2%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Home Port Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within AR. Charities of a similar size with the same main cause include Bloomington Rotary Foundation ($82k), Arthur C Clarke Foundation of the United States Inc ($82k) and PTA California Congress of Parents Teachers & Students Inc ($82k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $222k against liabilities of $76k, net assets of $147k.