The Road Home

Analysis

The Road Home is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1965, 61 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 June 2023, The Road Home reported income of $26.7m and spending of $27.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.6m to $26.7m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Road Home 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 98th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Jewish Nursing Home of Western Mass Inc ($26.7m), Holt International Childrens Services Inc ($26.7m) and Chugachmiut ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $526k (1.9% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $36.1m against liabilities of $1.7m, net assets of $34.4m. It reported 431 employees.