Is Homeward Bound Pet Adoption Center Inc…

Quick charity verification for Homeward Bound Pet Adoption Center Inc (EIN: 200549531)

Spending Breakdown

How Homeward Bound Pet Adoption Center Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Homeward Bound Pet Adoption Center Inc

Is Homeward Bound Pet Adoption Center Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Homeward Bound Pet Adoption Center Inc (EIN: 200549531) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.

Is Homeward Bound Pet Adoption Center Inc a good charity to donate to?

Homeward Bound Pet Adoption Center Inc has a Mission Score of 90/100. Revenue: $3.6M. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Homeward Bound Pet Adoption Center Inc?

The Employer Identification Number (EIN) for Homeward Bound Pet Adoption Center Inc is 200549531. 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 Homeward Bound Pet Adoption Center Inc spend its money?

Homeward Bound Pet Adoption Center Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Homeward Bound Pet Adoption Center Inc's tax-exempt status?

You can verify Homeward Bound Pet Adoption Center Inc's tax-exempt status using EIN 200549531 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

Homeward Bound Pet Adoption Center Inc demonstrates a generally healthy financial trajectory, with significant revenue growth over the past decade, from $1.5 million in 2014 to over $3.6 million in 2023. The organization has consistently maintained positive net assets, growing from $691,015 in 2014 to $1,924,814 in 2023, indicating sound financial management and accumulation of resources. While there were periods of expenses exceeding revenue (e.g., 2019-2022), the latest filing for 2023 shows a strong surplus of $699,770 ($3,614,876 revenue vs. $2,915,106 expenses), which is a positive indicator of financial stability and capacity for future programs.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests that executive leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, contributing to lower administrative overhead. The significant growth in assets, coupled with relatively low liabilities (e.g., $84,304 in 2023 compared to $1,924,814 in assets), further reinforces a picture of responsible financial stewardship. The absence of reported officer compensation also points to a high degree of transparency regarding leadership costs, or a structure that minimizes such direct compensation.

Overall, Homeward Bound Pet Adoption Center Inc appears to be a financially robust and efficiently managed organization. The consistent growth in revenue and assets, combined with a recent return to significant surpluses and no reported officer compensation, suggests a strong commitment to its mission and effective use of donor funds. The organization's financial health has improved considerably, especially in the most recent fiscal year, positioning it well for continued impact.

Is Homeward Bound Pet Adoption Center Inc Legit?

Verdict: Homeward Bound Pet Adoption Center Inc appears trustworthy

Red Flags

Strengths