Home Tomorrow Inc
Home Tomorrow Inc faces declining revenue and operating deficits despite substantial assets and volunteer leadership.
EIN: 20456805 · Manchester, NH · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18K |
| Total Expenses | $346K |
| Program Spending | 80% |
| Net Assets | $505K |
| Transparency Score | 70/100 |
Is Home Tomorrow Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Home Tomorrow Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Home Tomorrow Inc
Home Tomorrow Inc (EIN: 20456805) is a nonprofit organization based in Manchester, NH, classified under NTEE code P29. The organization reported total revenue of $18K and total assets of $207K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Tomorrow Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Home Tomorrow Inc is a micro nonprofit that has been operating for 3 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $346K |
| Surplus / Deficit | $-136,506 |
| Total Assets | $521K |
| Total Liabilities | $17K |
| Net Assets | $505K |
| Operating Margin | -65.1% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 18.1 months |
Financial Health Grade: B
In 2023, Home Tomorrow Inc reported a deficit of $137K with expenses exceeding revenue, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Home Tomorrow Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.7% | -8.5% | -22.6% |
| 2022 | -29.2% | +19.5% | -17.4% |
| 2020 | +18.3% | +3.3% | +10.1% |
| 2019 | +43.8% | +13.0% | +3.3% |
| 2018 | -23.3% | +39.6% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 Tomorrow Inc with a Mission Score of 70 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, Home Tomorrow 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 $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led organization or that compensation is not categorized as officer compensation, which is a positive indicator of resources being directed towards the mission rather than high executive salaries.
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 Tomorrow Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $346,186 expenses vs. $209,680 revenue in 2023).
- Declining revenue trend since 2020 ($364,115 in 2020 to $209,680 in 2023).
Strengths
The following positive indicators were identified for Home Tomorrow Inc:
- Strong asset base providing financial cushion (e.g., $521,327 in 2023).
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent IRS 990 filing history demonstrating transparency.
- Reported 0% officer compensation, suggesting efficient use of funds for mission.
- Clear program focus in Housing, Shelter (NTEE P29).
Frequently Asked Questions about Home Tomorrow Inc
Is Home Tomorrow Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Home Tomorrow Inc (EIN: 20456805) some concerns. Mission Score: 70/100. 2 red flags identified, 5 strengths noted.
How does Home Tomorrow Inc spend its money?
Home Tomorrow Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Home Tomorrow Inc tax-deductible?
Home Tomorrow Inc is registered as a tax-exempt nonprofit (EIN: 20456805). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Home Tomorrow Inc's spending goes to programs?
Home Tomorrow Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Home Tomorrow Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Home Tomorrow Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Home Tomorrow Inc located?
Home Tomorrow Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20456805. It is classified under NTEE code P29.
How many years of IRS 990 filings does Home Tomorrow Inc have?
Home Tomorrow Inc has 12 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 $18K in total revenue.
Is Home Tomorrow Inc financially stable?
While Home Tomorrow Inc has substantial assets ($521,327 in 2023) and low liabilities ($16,791 in 2023), its recent trend of expenses exceeding revenue (e.g., $346,186 expenses vs. $209,680 revenue in 2023) indicates an operating deficit, raising concerns about long-term financial stability if this trend continues.
How has Home Tomorrow Inc's revenue trended?
Home Tomorrow Inc's revenue has shown a declining trend in recent years, dropping from $364,115 in 2020 to $209,680 in 2023.
Does Home Tomorrow Inc pay its officers?
According to the IRS 990 filings, officer compensation has been reported as 0% across all available periods, suggesting that officers are not compensated or their compensation is not reported in this category.
What is the organization's asset-to-liability ratio?
In 2023, Home Tomorrow Inc had assets of $521,327 and liabilities of $16,791, resulting in a strong asset-to-liability ratio of approximately 31:1, indicating a healthy balance sheet in terms of debt.
Filing History
IRS 990 filing history for Home Tomorrow Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Home Tomorrow Inc's revenue has grown by 642.2%, moving from $28K to $210K. Total assets increased by 18.9% over the same period, from $439K to $521K. Total functional expenses rose by 1261.8%, from $25K to $346K. In its most recent filing year (2023), Home Tomorrow Inc reported a deficit of $137K, with expenses exceeding revenue. The organization holds $17K in liabilities against $521K in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $505K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $346K | $521K | $17K | — | View 990 |
| 2022 | $258K | $378K | $674K | $33K | — | View 990 |
| 2020 | $364K | $317K | $816K | $48K | — | View 990 |
| 2019 | $308K | $307K | $741K | $21K | — | View 990 |
| 2018 | $214K | $271K | $718K | $13K | — | View 990 |
| 2017 | $279K | $194K | $762K | $17K | — | View 990 |
| 2016 | $243K | $164K | $680K | $36K | — | — |
| 2015 | $180K | $88K | $570K | $23K | — | View 990 |
| 2014 | $134K | $41K | $448K | $13K | — | View 990 |
| 2013 | $49K | $52K | $452K | $13K | — | View 990 |
| 2012 | $34K | $34K | $451K | $12K | — | View 990 |
| 2011 | $28K | $25K | $439K | $-696 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $346K, and assets of $521K (revenue -18.7% year-over-year).
- 2022: Revenue of $258K, expenses of $378K, and assets of $674K (revenue -29.2% year-over-year).
- 2020: Revenue of $364K, expenses of $317K, and assets of $816K (revenue +18.3% year-over-year).
- 2019: Revenue of $308K, expenses of $307K, and assets of $741K (revenue +43.8% year-over-year).
- 2018: Revenue of $214K, expenses of $271K, and assets of $718K (revenue -23.3% year-over-year).
- 2017: Revenue of $279K, expenses of $194K, and assets of $762K (revenue +14.9% year-over-year).
- 2016: Revenue of $243K, expenses of $164K, and assets of $680K (revenue +35.0% year-over-year).
- 2015: Revenue of $180K, expenses of $88K, and assets of $570K (revenue +34.5% year-over-year).
- 2014: Revenue of $134K, expenses of $41K, and assets of $448K (revenue +170.7% year-over-year).
- 2013: Revenue of $49K, expenses of $52K, and assets of $452K (revenue +44.4% year-over-year).
- 2012: Revenue of $34K, expenses of $34K, and assets of $451K (revenue +21.1% year-over-year).
- 2011: Revenue of $28K, expenses of $25K, and assets of $439K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Home Tomorrow Inc:
Data Sources and Methodology
This transparency report for Home Tomorrow 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.