Homeward Bound-Hawthorne Housing Corporation

Analysis

Homeward Bound-Hawthorne Housing Corporation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Homeward Bound-Hawthorne Housing Corporation reported income of $86k and spending of $87k, spending 101% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $79k to $86k (+9.7%), an average of +4.8% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Homeward Bound-Hawthorne Housing Corporation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Mitchell County Shepherds Staff Inc ($86k), Waccamaw Animal Rescue Mission ($86k) and Senior Resource Center of New Jersey a NJ Nonprofit Corporation ($86k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 90% of the total. At year end it held assets of $240k against liabilities of $401k, net assets of -$161k.