Home Port Inc

Analysis

Home Port Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in July 1992, 34 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 December 2023, Home Port Inc reported income of $293k and spending of $259k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $293k (+15%), an average of +3.6% a year. Over the whole period it spent 90% 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 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Pepin County Child Care Service Inc Route 1 ($293k), Adams Central Schools Foundation ($293k) and Lake Charles Symphony Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 31% of the total. Other salaries and wages came to $31k. At year end it held assets of $590k against liabilities of $543k, net assets of $48k.