Is Homeward Pikes Peak Legit?

Strengths

Strong and consistent revenue growth, increasing from $2,174,401 in 2019 to $5,748,905 in 2023.
Significant asset growth, reaching $10,134,585 in 2023, indicating financial stability and capacity.
Consistently operates with a surplus, with revenue exceeding expenses in most reported periods (e.g., $5,748,905 revenue vs. $4,792,480 expenses in 2023).
Positive trend in net assets (Assets - Liabilities), growing from $701,686 in 2019 to $4,951,894 in 2023.

Spending Breakdown

How Homeward Pikes Peak allocates its funds across programs, administration, and fundraising.

75%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

10%

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 Pikes Peak

Is Homeward Pikes Peak a legitimate charity?

Based on AI analysis of IRS 990 filings, Homeward Pikes Peak (EIN: 134242773) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Homeward Pikes Peak a good charity to donate to?

Homeward Pikes Peak has a Mission Score of 85/100. Revenue: $4.3M. Assets: $8.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Homeward Pikes Peak?

The Employer Identification Number (EIN) for Homeward Pikes Peak is 134242773. 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 Pikes Peak spend its money?

Homeward Pikes Peak allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Homeward Pikes Peak's tax-exempt status?

You can verify Homeward Pikes Peak's tax-exempt status using EIN 134242773 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 Pikes Peak demonstrates strong financial growth and appears to be in a healthy financial position. Over the past five years, the organization has seen its revenue more than double, from $2,174,401 in 2019 to $5,748,905 in 2023, indicating increasing support and capacity. Their assets have also grown significantly, reaching $10,134,585 in 2023, which provides a solid financial foundation. The organization consistently spends less than it earns, as evidenced by the 2023 revenue of $5,748,905 exceeding expenses of $4,792,480, contributing to asset growth.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. However, the consistent growth in assets suggests that a significant portion of revenue is being retained or invested, which could be for future programs or operational stability. The absence of reported officer compensation is a notable point for transparency, suggesting either a volunteer leadership structure or that compensation is reported differently, which warrants further investigation for a complete picture of operational costs.

Overall, Homeward Pikes Peak exhibits positive financial trends with substantial growth in both revenue and assets. The lack of reported officer compensation on the 990 filings is a key area for further inquiry to fully understand the organization's administrative overhead and transparency practices. However, the consistent surplus of revenue over expenses points to sound financial management and sustainability.

Verdict: Homeward Pikes Peak appears trustworthy

Red Flags