Road2home

Analysis

Road2home is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Road2home reported income of $585k and spending of $572k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $464k to $585k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Road2home sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within WA. Charities of a similar size with the same main cause include Mother Theodore Corporation II ($585k), Hampton Supportive Housing Inc ($585k) and Housing Plus Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $120k (21% of expenses). Other salaries and wages came to $286k. At year end it held assets of $257k against liabilities of $57k, net assets of $200k. It reported 46 employees.