Quick charity verification for Homecoming Project (EIN: 204172230)
Verdict: Homecoming Project appears trustworthy
85/100Mission Score
$352KRevenue
$1.0MAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the latest fiscal year (2023), resulting in a deficit of $23,872.
Strengths
Consistent asset growth over the past decade, reaching over $1 million in 2023.
Zero officer compensation reported across all filings, indicating strong commitment to mission-focused spending.
Long history of 13 IRS 990 filings, demonstrating consistent transparency and compliance.
Maintained a healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $1,003,606 assets vs. $326,654 liabilities in 2023).
Spending Breakdown
How Homecoming Project allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Homecoming Project
Is Homecoming Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Homecoming Project (EIN: 204172230) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Homecoming Project a good charity to donate to?
Homecoming Project has a Mission Score of 85/100. Revenue: $352K. Assets: $1.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Homecoming Project?
The Employer Identification Number (EIN) for Homecoming Project is 204172230. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Homecoming Project spend its money?
Homecoming Project allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Homecoming Project's tax-exempt status?
You can verify Homecoming Project's tax-exempt status using EIN 204172230 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Homecoming Project demonstrates consistent financial activity over the past decade, with annual revenues generally fluctuating between $338,457 and $432,634. The organization has shown steady asset growth, increasing from $611,854 in 2014 to over $1 million in 2023, indicating sound financial management and accumulation of resources. However, the latest filing for 2023 shows expenses ($390,427) exceeding revenue ($366,555), resulting in a deficit for that period, which warrants monitoring.
The organization's spending efficiency appears reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the summary data. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of efficiency and transparency. The long history of 13 filings further suggests a commitment to regulatory compliance and transparency.
While the overall financial health appears stable with growing assets, the recent deficit in 2023 bears watching to ensure it's an anomaly rather than a trend. The lack of officer compensation is a significant strength in terms of financial transparency and resource allocation.