Heading Home
Heading Home shows consistent revenue growth and healthy surpluses with no reported officer compensation.
EIN: 201917517 · Albuquerque, NM · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.0M |
| Total Expenses | $12.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $14.79 |
| Net Assets | $7.1M |
| Transparency Score | 92/100 |
Is Heading Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heading Home directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heading Home
Heading Home (EIN: 201917517) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code L41. The organization reported total revenue of $13.0M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heading Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heading Home is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.8M |
| Total Expenses | $12.2M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $7.9M |
| Total Liabilities | $802K |
| Net Assets | $7.1M |
| Operating Margin | 17.8% |
| Debt-to-Asset Ratio | 10.2% |
| Months of Reserves | 7.8 months |
Financial Health Grade: A
In 2023, Heading Home reported a surplus of $2.6M with revenue exceeding expenses, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 10.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Heading Home's revenue has grown at a compound annual growth rate (CAGR) of 24.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +48.5% | +44.0% | +52.5% |
| 2022 | +30.1% | +10.6% | +34.2% |
| 2021 | +22.6% | +30.7% | +5.9% |
| 2020 | +32.9% | +17.5% | +14.1% |
| 2019 | -7.1% | -2.1% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Heading Home with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Heading Home allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size ($14.79 million in revenue in 2023) and suggests a strong commitment to directing funds to programs.
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 Heading Home's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported differently or through related entities not immediately visible in this summary.
Strengths
The following positive indicators were identified for Heading Home:
- Exceptional revenue growth, from $2.36M in 2015 to $14.79M in 2023.
- Consistent financial surpluses, with 2023 revenue exceeding expenses by over $2.6 million.
- Strong and growing asset base, reaching $7.85 million in 2023.
- Zero reported officer compensation across all filings, indicating a strong commitment to mission spending.
- Consistent and extensive IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Heading Home
Is Heading Home a legitimate charity?
Based on AI analysis of IRS 990 filings, Heading Home (EIN: 201917517) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Heading Home spend its money?
Heading Home directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heading Home tax-deductible?
Heading Home is registered as a tax-exempt nonprofit (EIN: 201917517). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Heading Home CEO make?
Heading Home's highest-compensated officer earns $14.79 annually. The organization reported $13.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Heading Home's spending goes to programs?
Heading Home directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heading Home compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Heading Home is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heading Home located?
Heading Home is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 201917517. It is classified under NTEE code L41.
How many years of IRS 990 filings does Heading Home have?
Heading Home 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 $13.0M in total revenue.
Is Heading Home a good charity?
Based on the provided financial data, Heading Home appears to be a very good charity. It demonstrates strong financial growth, consistent surpluses, and a remarkable commitment to directing funds to its mission by reporting 0% officer compensation across all filings.
How has Heading Home's revenue grown over time?
Heading Home has experienced significant revenue growth, increasing from $2,360,501 in 2015 to $14,798,025 in 2023, indicating a substantial expansion of its operations and funding.
What is Heading Home's asset position?
Heading Home has a strong and growing asset base, increasing from $3,376,810 in 2015 to $7,857,978 in 2023, demonstrating financial stability and capacity.
Does Heading Home have high administrative costs?
While specific administrative cost breakdowns are not provided, the consistent surpluses and the absence of officer compensation suggest that administrative costs are likely well-managed and a reasonable proportion of overall expenses, allowing for significant program spending.
How transparent is Heading Home?
Heading Home demonstrates high transparency through its consistent filing of IRS 990 forms over 13 periods and the detailed financial information available, including the explicit reporting of 0% officer compensation.
Filing History
IRS 990 filing history for Heading Home showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heading Home's revenue has grown by 1263.8%, moving from $1.1M to $14.8M. Total assets increased by 438.4% over the same period, from $1.5M to $7.9M. Total functional expenses rose by 1386.6%, from $818K to $12.2M. In its most recent filing year (2023), Heading Home reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $802K in liabilities against $7.9M in assets (debt-to-asset ratio: 10.2%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.8M | $12.2M | $7.9M | $802K | — | — |
| 2022 | $10.0M | $8.4M | $5.2M | $574K | — | View 990 |
| 2021 | $7.7M | $7.6M | $3.8M | $765K | — | View 990 |
| 2020 | $6.2M | $5.8M | $3.6M | $576K | — | View 990 |
| 2019 | $4.7M | $5.0M | $3.2M | $531K | — | View 990 |
| 2018 | $5.1M | $5.1M | $3.5M | $537K | — | View 990 |
| 2017 | $3.9M | $3.9M | $3.5M | $605K | — | View 990 |
| 2016 | $3.5M | $3.4M | $3.5M | $529K | — | View 990 |
| 2015 | $2.4M | $2.4M | $3.4M | $473K | — | View 990 |
| 2014 | $2.4M | $1.6M | $3.4M | $447K | — | View 990 |
| 2013 | $2.3M | $1.3M | $2.8M | $642K | — | View 990 |
| 2012 | $1.1M | $991K | $1.6M | $523K | — | View 990 |
| 2011 | $1.1M | $818K | $1.5M | $484K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.8M, expenses of $12.2M, and assets of $7.9M (revenue +48.5% year-over-year).
- 2022: Revenue of $10.0M, expenses of $8.4M, and assets of $5.2M (revenue +30.1% year-over-year).
- 2021: Revenue of $7.7M, expenses of $7.6M, and assets of $3.8M (revenue +22.6% year-over-year).
- 2020: Revenue of $6.2M, expenses of $5.8M, and assets of $3.6M (revenue +32.9% year-over-year).
- 2019: Revenue of $4.7M, expenses of $5.0M, and assets of $3.2M (revenue -7.1% year-over-year).
- 2018: Revenue of $5.1M, expenses of $5.1M, and assets of $3.5M (revenue +31.4% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.9M, and assets of $3.5M (revenue +10.7% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.4M, and assets of $3.5M (revenue +47.5% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.4M, and assets of $3.4M (revenue -1.2% year-over-year).
- 2014: Revenue of $2.4M, expenses of $1.6M, and assets of $3.4M (revenue +1.8% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.3M, and assets of $2.8M (revenue +118.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $991K, and assets of $1.6M (revenue -1.2% year-over-year).
- 2011: Revenue of $1.1M, expenses of $818K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heading Home:
Data Sources and Methodology
This transparency report for Heading Home 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.