Homecoming Project
Homecoming Project shows consistent asset growth but reported a deficit in its latest fiscal year.
EIN: 204172230 · Bel Air, MD · NTEE: B90 · Updated: 2026-03-28
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 →
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.
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.
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
Is Homecoming Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Homecoming Project (EIN: 204172230) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Homecoming Project spend its money?
Homecoming Project directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homecoming Project tax-deductible?
Homecoming Project is registered as a tax-exempt nonprofit (EIN: 204172230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Homecoming Project financially stable?
Yes, the organization appears financially stable with over $1 million in assets as of 2023 and a long history of operations. However, the 2023 deficit where expenses ($390,427) exceeded revenue ($366,555) should be monitored.
How has Homecoming Project's asset base changed over time?
Homecoming Project has shown consistent asset growth, increasing from $611,854 in 2014 to $1,003,606 in 2023, indicating effective financial management and resource accumulation.
Does Homecoming Project pay its executives?
No, the IRS 990 filings consistently report 0% officer compensation, suggesting that executive leadership is not paid through the organization's funds.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $367K | $390K | $1.0M | $327K | — | View 990 |
| 2022 | $395K | $319K | $1.0M | $335K | — | View 990 |
| 2021 | $425K | $311K | $964K | $340K | — | View 990 |
| 2020 | $338K | $326K | $854K | $344K | — | — |
| 2019 | $381K | $338K | $849K | $351K | — | View 990 |
| 2018 | $370K | $324K | $813K | $359K | — | View 990 |
| 2017 | $433K | $342K | $775K | $366K | — | View 990 |
| 2016 | $361K | $297K | $696K | $378K | — | View 990 |
| 2015 | $341K | $304K | $638K | $384K | — | View 990 |
| 2014 | $403K | $364K | $612K | $394K | — | View 990 |
| 2013 | $313K | $285K | $579K | $400K | — | View 990 |
| 2012 | $275K | $266K | $566K | $414K | — | View 990 |
| 2011 | $253K | $267K | $568K | $449K | — | View 990 |
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.
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.