Homeward Bound-Inglewood Housing Corporation

Analysis

Homeward Bound-Inglewood 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-Inglewood Housing Corporation reported income of $93k and spending of $98k, spending 106% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $94k to $93k (-1.3%), an average of -0.7% 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-Inglewood Housing Corporation sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Wood County Clover Legacy Foundation ($93k), Engage Atlanta Inc ($93k) and Andrew James Lawson Foundation Inc ($93k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $211k against liabilities of $410k, net assets of -$199k.