Home For Home Inc
Home For Home Inc experiences deficit spending in 2023, with assets declining to $13,203.
EIN: 10947984 · Lake Stevens, WA · NTEE: Q33 · Updated: 2026-03-28
Is Home For Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home For Home Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home For Home Inc
Home For Home Inc (EIN: 10947984) is a nonprofit organization based in Lake Stevens, WA, classified under NTEE code Q33. The organization reported total revenue of $130K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home For Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Home For Home 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 For Home 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.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all ten years of filings, indicating that no officers receive salaries from the organization. This is highly favorable for a nonprofit of its size, ensuring that all funds are directed towards operational expenses and 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 Home For Home Inc's IRS 990 filings:
- Significant deficit spending in 2023 ($154,493 expenses vs. $131,324 revenue)
- Substantial decline in assets from $41,324 in 2020 to $13,203 in 2023
Strengths
The following positive indicators were identified for Home For Home Inc:
- Consistent 0% officer compensation across all ten years of filings
- Long history of IRS 990 filings demonstrating transparency
- Consistent revenue generation over a decade, indicating sustained donor support
Frequently Asked Questions about Home For Home Inc
Is Home For Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home For Home Inc (EIN: 10947984) some concerns. Mission Score: 80/100. 2 red flags identified, 3 strengths noted.
How does Home For Home Inc spend its money?
Home For Home Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Home For Home Inc tax-deductible?
Home For Home Inc is registered as a tax-exempt nonprofit (EIN: 10947984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Home For Home Inc financially stable given the 2023 deficit?
While Home For Home Inc experienced a deficit of over $23,000 in 2023 (Expenses $154,493 vs. Revenue $131,324) and a decrease in assets, its long-term financial history shows periods of surplus and consistent revenue generation. The organization's ability to recover from previous deficits (e.g., 2017, 2018) suggests resilience, but the recent trend warrants close observation.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation across all filings is a significant strength. It means that funds are not being used for executive salaries, which can lead to higher percentages of spending directly on programs and lower administrative overhead, enhancing donor trust and perceived efficiency.
What caused the significant drop in assets from $41,324 in 2020 to $13,203 in 2023?
The IRS 990 data shows a decline in assets from $41,324 in 2020 to $37,887 in 2022, and then a more substantial drop to $13,203 in 2023. This trend, especially the 2023 decrease, is likely influenced by the deficit spending in 2023 where expenses exceeded revenue, requiring the organization to draw down its reserves or assets to cover costs.
Filing History
IRS 990 filing history for Home For Home Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Home For Home Inc's revenue has grown by 69.6%, moving from $77K to $131K. Total assets decreased by 12.8% over the same period, from $15K to $13K. Total functional expenses rose by 56.8%, from $99K to $154K. In its most recent filing year (2023), Home For Home Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $553 in liabilities against $13K in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $154K | $13K | $553 | — | View 990 |
| 2022 | $117K | $111K | $38K | $2K | — | View 990 |
| 2021 | $108K | $118K | $31K | $2K | — | — |
| 2020 | $65K | $35K | $41K | $2K | — | View 990 |
| 2019 | $75K | $75K | $10K | $1K | — | View 990 |
| 2018 | $84K | $88K | $9K | $428 | — | View 990 |
| 2017 | $83K | $93K | $15K | $2K | — | View 990 |
| 2016 | $59K | $50K | $25K | $2K | — | View 990 |
| 2015 | $58K | $58K | $15K | $440 | — | View 990 |
| 2014 | $77K | $99K | $15K | $292 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $154K, and assets of $13K (revenue +12.2% year-over-year).
- 2022: Revenue of $117K, expenses of $111K, and assets of $38K (revenue +8.2% year-over-year).
- 2021: Revenue of $108K, expenses of $118K, and assets of $31K (revenue +65.3% year-over-year).
- 2020: Revenue of $65K, expenses of $35K, and assets of $41K (revenue -13.1% year-over-year).
- 2019: Revenue of $75K, expenses of $75K, and assets of $10K (revenue -10.1% year-over-year).
- 2018: Revenue of $84K, expenses of $88K, and assets of $9K (revenue +0.6% year-over-year).
- 2017: Revenue of $83K, expenses of $93K, and assets of $15K (revenue +40.5% year-over-year).
- 2016: Revenue of $59K, expenses of $50K, and assets of $25K (revenue +2.4% year-over-year).
- 2015: Revenue of $58K, expenses of $58K, and assets of $15K (revenue -25.3% year-over-year).
- 2014: Revenue of $77K, expenses of $99K, and assets of $15K.
Data Sources and Methodology
This transparency report for Home For Home 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.