Homes Not Borders Inc

Analysis

Homes Not Borders Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in August 2020, 6 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, Homes Not Borders Inc reported income of $1.8m and spending of $1.8m, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.3m to $1.8m (+35%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homes Not Borders Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Bethlehem Preschool Incorporated ($1.8m), Lutheran Family Service ($1.8m) and Aliento Education Fund ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $61k (3.3% of expenses). Other salaries and wages came to $411k. At year end it held assets of $614k against liabilities of $119k, net assets of $495k. It reported 11 employees.