Home Again Inc
Home Again Inc. experiences fluctuating revenues and expenses, operating at a deficit in 2023, but maintains substantial assets with no reported officer compensation.
EIN: 204526894 · Jackson, MS · NTEE: L81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $109K |
| Total Expenses | $481K |
| Program Spending | 85% |
| Net Assets | $3.5M |
| Transparency Score | 80/100 |
Is Home Again Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home Again Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home Again Inc
Home Again Inc (EIN: 204526894) is a nonprofit organization based in Jackson, MS, classified under NTEE code L81. The organization reported total revenue of $109K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Again Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Again Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 73.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $222K |
| Total Expenses | $481K |
| Surplus / Deficit | $-258,828 |
| Total Assets | $3.7M |
| Total Liabilities | $200K |
| Net Assets | $3.5M |
| Operating Margin | -116.3% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 92.0 months |
Financial Health Grade: B
In 2023, Home Again Inc reported a deficit of $259K with expenses exceeding revenue, holds 92.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Home Again Inc's revenue has grown at a compound annual growth rate (CAGR) of 73.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.1% | -32.4% | -1.4% |
| 2022 | +144.1% | +210.6% | -22.9% |
| 2021 | -73.5% | +32.4% | -1.1% |
| 2020 | +109.5% | -42.4% | +12.7% |
| 2019 | +1033.3% | +126.9% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Home Again Inc with a Mission Score of 80 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, Home Again Inc 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 deficit of $259K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Home Again Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, which is highly favorable for resource allocation directly to mission-related activities.
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 Home Again Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($222,497 revenue vs. $481,325 expenses)
- Highly inconsistent revenue streams over the past decade
- Fluctuating liabilities, reaching over $1 million in some years
Strengths
The following positive indicators were identified for Home Again Inc:
- Consistent 0% officer compensation across all filings, indicating efficient use of funds at the leadership level.
- Substantial asset base ($3,690,335 in 2023) providing financial stability.
- Long filing history (13 filings) demonstrating consistent reporting.
Frequently Asked Questions about Home Again Inc
Is Home Again Inc a legitimate charity?
Home Again Inc (EIN: 204526894) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $109K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Home Again Inc spend its money?
Home Again Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Home Again Inc tax-deductible?
Home Again Inc is registered as a tax-exempt nonprofit (EIN: 204526894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Home Again Inc's spending goes to programs?
Home Again Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Home Again Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Home Again Inc is above average for NTEE category L81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Home Again Inc located?
Home Again Inc is headquartered in Jackson, Mississippi and files with the IRS under EIN 204526894. It is classified under NTEE code L81.
How many years of IRS 990 filings does Home Again Inc have?
Home Again 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 $109K in total revenue.
Is Home Again Inc. financially stable given its fluctuating revenue?
While revenue has been inconsistent, ranging from $16,479 to over $3 million, the organization maintains substantial assets, reported at $3,690,335 in 2023, which provides a buffer against revenue volatility. However, the 2023 operating deficit where expenses ($481,325) significantly exceeded revenue ($222,497) warrants attention.
How does Home Again Inc. manage its liabilities?
Liabilities have varied significantly, reaching over $1 million in several years (e.g., $1,034,249 in 2021) but decreasing to $200,040 in 2023. This fluctuation suggests active management or changing financial obligations.
What is the trend in Home Again Inc.'s asset growth?
Assets have generally grown over the long term, from $431,915 in 2015 to $3,690,335 in 2023, though there was a decrease from a peak of $4,904,734 in 2020. This indicates a build-up of organizational resources over time.
Filing History
IRS 990 filing history for Home Again Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home Again Inc's revenue has grown by 76359.5%, moving from $291 to $222K. Total assets increased by 196.8% over the same period, from $1.2M to $3.7M. Total functional expenses rose by 104.8%, from $235K to $481K. In its most recent filing year (2023), Home Again Inc reported a deficit of $259K, with expenses exceeding revenue. The organization holds $200K in liabilities against $3.7M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $222K | $481K | $3.7M | $200K | — | — |
| 2022 | $637K | $712K | $3.7M | $313 | — | View 990 |
| 2021 | $261K | $229K | $4.9M | $1.0M | — | View 990 |
| 2020 | $985K | $173K | $4.9M | $1.1M | — | View 990 |
| 2019 | $470K | $301K | $4.4M | $1.1M | — | View 990 |
| 2018 | $41K | $133K | $4.2M | $1.1M | — | View 990 |
| 2017 | $218K | $100K | $4.3M | $1.1M | — | View 990 |
| 2016 | $3.0M | $266K | $4.2M | $1.1M | — | View 990 |
| 2015 | $16K | $268K | $432K | $23K | — | View 990 |
| 2014 | $85K | $223K | $828K | $167K | — | View 990 |
| 2013 | $100K | $230K | $884K | $84K | — | View 990 |
| 2012 | $291 | $228K | $1.0M | $86K | — | View 990 |
| 2011 | $291 | $235K | $1.2M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $222K, expenses of $481K, and assets of $3.7M (revenue -65.1% year-over-year).
- 2022: Revenue of $637K, expenses of $712K, and assets of $3.7M (revenue +144.1% year-over-year).
- 2021: Revenue of $261K, expenses of $229K, and assets of $4.9M (revenue -73.5% year-over-year).
- 2020: Revenue of $985K, expenses of $173K, and assets of $4.9M (revenue +109.5% year-over-year).
- 2019: Revenue of $470K, expenses of $301K, and assets of $4.4M (revenue +1033.3% year-over-year).
- 2018: Revenue of $41K, expenses of $133K, and assets of $4.2M (revenue -81.0% year-over-year).
- 2017: Revenue of $218K, expenses of $100K, and assets of $4.3M (revenue -92.8% year-over-year).
- 2016: Revenue of $3.0M, expenses of $266K, and assets of $4.2M (revenue +18210.3% year-over-year).
- 2015: Revenue of $16K, expenses of $268K, and assets of $432K (revenue -80.6% year-over-year).
- 2014: Revenue of $85K, expenses of $223K, and assets of $828K (revenue -15.2% year-over-year).
- 2013: Revenue of $100K, expenses of $230K, and assets of $884K (revenue +34364.3% year-over-year).
- 2012: Revenue of $291, expenses of $228K, and assets of $1.0M (revenue +0.0% year-over-year).
- 2011: Revenue of $291, expenses of $235K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Again Inc:
Data Sources and Methodology
This transparency report for Home Again 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.