Homecoming 250 Navy Marine Corps

Analysis

Homecoming 250 Navy Marine Corps is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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, Homecoming 250 Navy Marine Corps reported income of $421k and spending of $44k, leaving 90% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $421k (+557%), an average of +557% a year. The sharpest change came in the year to December 2023, when income rose by 557%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homecoming 250 Navy Marine Corps sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Monarch Awards Foundation of XI Nu Omega ($421k), Steuben Community Properties Inc ($421k) and Kansas School for Effective Learning Inc ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $5,175. It paid $16k in professional fundraising fees. At year end it held assets of $402k against liabilities of $2,973, net assets of $399k. It reported 1 employees.