Homeward Bound Inc

Analysis

Homeward Bound Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in February 1981, 45 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Bound Inc reported income of $14.3m and spending of $12.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $14.3m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Homeward Bound Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include El Centro de Corazon ($14.3m), Southern Minnesota Regional Legal Services Inc ($14.4m) and Bail Project Inc ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 53% of the total. Other salaries and wages came to $8.0m. At year end it held assets of $9.7m against liabilities of $5.0m, net assets of $4.7m. It reported 285 employees.