Homecoming Project

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Homecoming Project Form 990, Revenue, CEO Pay, and IRS Filing Signals

Homecoming Project is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Homecoming Project in one place.

Is Homecoming Project Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Homecoming Project shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Homecoming Project directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Homecoming Project

Homecoming Project (EIN: 204172230) is a nonprofit organization based in Bel Air, MD, classified under NTEE code B90. The organization reported total revenue of $352K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homecoming Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Homecoming Project 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 3.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Homecoming Project reported a deficit of $24K with expenses exceeding revenue, holds 30.8 months of operating reserves (strong position), has a debt-to-asset ratio of 32.5% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Homecoming Project's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.

IRS Tax-Exempt Classification

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 Homecoming Project with a Mission Score of 85 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Homecoming Project 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 $24K, with expenses exceeding revenue.
• Debt-to-asset ratio: 32.5%.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a highly positive sign, suggesting that leadership is either volunteer-based or compensated through other means, allowing a greater proportion of funds to be directed towards programmatic 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 Homecoming Project's IRS 990 filings:

• Expenses exceeded revenue in the latest fiscal year (2023), resulting in a deficit of $23,872.

Strengths

The following positive indicators were identified for Homecoming Project:

• Consistent asset growth over the past decade, reaching over $1 million in 2023.
• Zero officer compensation reported across all filings, indicating strong commitment to mission-focused spending.
• Long history of 13 IRS 990 filings, demonstrating consistent transparency and compliance.
• Maintained a healthy asset-to-liability ratio, with assets significantly exceeding liabilities (e.g., $1,003,606 assets vs. $326,654 liabilities in 2023).

Frequently Asked Questions about Homecoming Project

Filing History

IRS 990 filing history for Homecoming Project showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Homecoming Project's revenue has grown by 44.7%, moving from $253K to $367K. Total assets increased by 76.6% over the same period, from $568K to $1.0M. Total functional expenses rose by 46.5%, from $267K to $390K. In its most recent filing year (2023), Homecoming Project reported a deficit of $24K, with expenses exceeding revenue. The organization holds $327K in liabilities against $1.0M in assets (debt-to-asset ratio: 32.5%), resulting in net assets of $677K.

Year-by-Year Financial Summary

• 2023: Revenue of $367K, expenses of $390K, and assets of $1.0M (revenue -7.2% year-over-year).
• 2022: Revenue of $395K, expenses of $319K, and assets of $1.0M (revenue -7.1% year-over-year).
• 2021: Revenue of $425K, expenses of $311K, and assets of $964K (revenue +25.6% year-over-year).
• 2020: Revenue of $338K, expenses of $326K, and assets of $854K (revenue -11.1% year-over-year).
• 2019: Revenue of $381K, expenses of $338K, and assets of $849K (revenue +2.8% year-over-year).
• 2018: Revenue of $370K, expenses of $324K, and assets of $813K (revenue -14.4% year-over-year).
• 2017: Revenue of $433K, expenses of $342K, and assets of $775K (revenue +19.8% year-over-year).
• 2016: Revenue of $361K, expenses of $297K, and assets of $696K (revenue +6.0% year-over-year).
• 2015: Revenue of $341K, expenses of $304K, and assets of $638K (revenue -15.4% year-over-year).
• 2014: Revenue of $403K, expenses of $364K, and assets of $612K (revenue +28.6% year-over-year).
• 2013: Revenue of $313K, expenses of $285K, and assets of $579K (revenue +14.0% year-over-year).
• 2012: Revenue of $275K, expenses of $266K, and assets of $566K (revenue +8.4% year-over-year).
• 2011: Revenue of $253K, expenses of $267K, and assets of $568K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Homecoming Project:

Data Sources and Methodology

This transparency report for Homecoming Project 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.