H O M E Inc
H O M E Inc faces recurring deficits despite zero reported officer compensation.
EIN: 10287624 · Orland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| Net Assets | $5.9M |
| Transparency Score | 65/100 |
Is H O M E Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
H O M E Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About H O M E Inc
H O M E Inc (EIN: 10287624) is a nonprofit organization based in Orland, ME. The organization reported total revenue of $3.9M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of H O M E Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
H O M E Inc is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-1,388,976 |
| Total Assets | $7.0M |
| Total Liabilities | $1.1M |
| Net Assets | $5.9M |
| Operating Margin | -106.8% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 31.1 months |
Financial Health Grade: B
In 2023, H O M E Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 31.1 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), H O M E Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.3% | -9.1% | -6.4% |
| 2022 | +30.2% | +21.0% | -8.0% |
| 2021 | +54.2% | +35.7% | +2.9% |
| 2020 | +23.3% | -3.3% | +1.3% |
| 2019 | -83.7% | +0.9% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates H O M E Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, H O M E Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
H O M E Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size with millions in revenue and assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of H O M E Inc's IRS 990 filings:
- Recurring annual deficits (e.g., 202312: $1.3M revenue vs. $2.6M expenses)
- Declining asset base in recent years (from $8.1M in 202112 to $6.9M in 202312)
- Significant year-over-year revenue volatility (e.g., $7.3M in 201812 vs. $1.2M in 201912)
Strengths
The following positive indicators were identified for H O M E Inc:
- Consistent reporting of zero officer compensation, indicating low executive overhead.
- Long filing history (13 filings) suggests established operations.
Frequently Asked Questions about H O M E Inc
Is H O M E Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, H O M E Inc (EIN: 10287624) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does H O M E Inc spend its money?
H O M E Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to H O M E Inc tax-deductible?
H O M E Inc is registered as a tax-exempt nonprofit (EIN: 10287624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of H O M E Inc's spending goes to programs?
H O M E Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is H O M E Inc located?
H O M E Inc is headquartered in Orland, Maine and files with the IRS under EIN 10287624.
How many years of IRS 990 filings does H O M E Inc have?
H O M E Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.9M in total revenue.
How does H O M E Inc cover its recurring deficits?
The organization frequently reports expenses exceeding revenue (e.g., $2,689,312 expenses vs. $1,300,336 revenue in 202312). This suggests they may be drawing from reserves, receiving non-operating income not reflected in 'Revenue', or relying on other funding mechanisms.
What caused the significant revenue spike in 201812?
In 201812, H O M E Inc reported $7,375,709 in revenue, a substantial increase from prior and subsequent years. This could indicate a large one-time grant, a major capital campaign, or a significant asset sale, which would require further investigation of the full 990 filing.
Is the decline in assets a concern for long-term stability?
Assets have decreased from a high of $8,110,567 in 202112 to $6,979,942 in 202312. While not a drastic drop, a continued decline, especially alongside recurring deficits, could impact the organization's long-term financial health and capacity.
Filing History
IRS 990 filing history for H O M E Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), H O M E Inc's revenue has grown by 8.1%, moving from $1.2M to $1.3M. Total assets increased by 219.9% over the same period, from $2.2M to $7.0M. Total functional expenses rose by 94.5%, from $1.4M to $2.7M. In its most recent filing year (2023), H O M E Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $7.0M in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $5.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $2.7M | $7.0M | $1.1M | — | — |
| 2022 | $3.0M | $3.0M | $7.5M | $908K | — | View 990 |
| 2021 | $2.3M | $2.4M | $8.1M | $889K | — | View 990 |
| 2020 | $1.5M | $1.8M | $7.9M | $599K | — | — |
| 2019 | $1.2M | $1.9M | $7.8M | $309K | — | View 990 |
| 2018 | $7.4M | $1.8M | $8.0M | $319K | — | View 990 |
| 2017 | $1.7M | $1.6M | $2.7M | $455K | — | — |
| 2016 | $1.5M | $1.6M | $2.6M | $526K | — | View 990 |
| 2015 | $2.0M | $1.7M | $2.7M | $536K | — | View 990 |
| 2014 | $1.5M | $1.5M | $2.4M | $578K | — | View 990 |
| 2013 | $1.7M | $1.3M | $2.5M | $603K | — | View 990 |
| 2012 | $1.1M | $1.2M | $2.1M | $598K | — | View 990 |
| 2011 | $1.2M | $1.4M | $2.2M | $465K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $2.7M, and assets of $7.0M (revenue -56.3% year-over-year).
- 2022: Revenue of $3.0M, expenses of $3.0M, and assets of $7.5M (revenue +30.2% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.4M, and assets of $8.1M (revenue +54.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.8M, and assets of $7.9M (revenue +23.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.9M, and assets of $7.8M (revenue -83.7% year-over-year).
- 2018: Revenue of $7.4M, expenses of $1.8M, and assets of $8.0M (revenue +337.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $2.7M (revenue +15.5% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.6M, and assets of $2.6M (revenue -27.5% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.7M, and assets of $2.7M (revenue +32.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $2.4M (revenue -12.6% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.3M, and assets of $2.5M (revenue +65.0% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.2M, and assets of $2.1M (revenue -12.4% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.4M, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for H O M E Inc:
Data Sources and Methodology
This transparency report for H O M E Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.