Hometown Foundation Inc
Hometown Foundation Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 200847683 · Cheshire, CT · NTEE: T90 · Updated: 2026-03-28
Is Hometown Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hometown Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hometown Foundation Inc
Hometown Foundation Inc (EIN: 200847683) is a nonprofit organization based in Cheshire, CT, classified under NTEE code T90. The organization reported total revenue of $6.4M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hometown Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hometown Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $3.6M |
| Surplus / Deficit | +$883K |
| Total Assets | $5.5M |
| Total Liabilities | $919K |
| Net Assets | $4.6M |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 16.7% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, Hometown Foundation Inc reported a surplus of $883K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 16.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hometown Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.9% | +29.9% | +18.8% |
| 2022 | +25.4% | +39.9% | +26.2% |
| 2021 | +39.9% | +5.9% | +40.1% |
| 2020 | -20.3% | -6.7% | +8.0% |
| 2019 | +28.8% | +13.1% | +50.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Hometown Foundation Inc with a Mission Score of 92 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hometown Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $883K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS Form 990, which is a positive sign for directing funds to mission.
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.
Strengths
The following positive indicators were identified for Hometown Foundation Inc:
- Consistent revenue growth, increasing from $1,551,798 in 2014 to $4,447,184 in 2023.
- Strong asset accumulation, growing from $1,001,665 in 2014 to $5,511,203 in 2023.
- 0% reported officer compensation across all filings, suggesting high efficiency in directing funds to mission.
- Healthy financial stability with liabilities remaining relatively stable despite significant growth in assets.
- Consistent IRS 990 filing history over 13 periods, indicating good compliance and transparency.
Frequently Asked Questions about Hometown Foundation Inc
Is Hometown Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hometown Foundation Inc (EIN: 200847683) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Hometown Foundation Inc spend its money?
Hometown Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hometown Foundation Inc tax-deductible?
Hometown Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200847683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hometown Foundation Inc a good charity?
Based on the provided data, Hometown Foundation Inc appears to be a good charity. It demonstrates consistent financial growth, strong asset accumulation, and a notable commitment to directing resources towards its mission by reporting 0% officer compensation across all filings.
How has Hometown Foundation Inc's revenue changed over time?
Hometown Foundation Inc has experienced significant revenue growth, increasing from $1,551,798 in 2014 to $4,447,184 in 2023, indicating expanding operations and donor support.
What is the trend in Hometown Foundation Inc's assets?
The organization's assets have shown a strong upward trend, growing from $1,001,665 in 2014 to $5,511,203 in 2023, reflecting increasing financial stability and capacity.
Filing History
IRS 990 filing history for Hometown Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hometown Foundation Inc's revenue has grown by 2027.9%, moving from $209K to $4.4M. Total assets increased by 2015.9% over the same period, from $260K to $5.5M. Total functional expenses rose by 1037.8%, from $313K to $3.6M. In its most recent filing year (2023), Hometown Foundation Inc reported a surplus of $883K, with revenue exceeding expenses. The organization holds $919K in liabilities against $5.5M in assets (debt-to-asset ratio: 16.7%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $3.6M | $5.5M | $919K | — | View 990 |
| 2022 | $3.7M | $2.7M | $4.6M | $938K | — | View 990 |
| 2021 | $3.0M | $2.0M | $3.7M | $771K | — | View 990 |
| 2020 | $2.1M | $1.9M | $2.6M | $710K | — | View 990 |
| 2019 | $2.7M | $2.0M | $2.4M | $887K | — | View 990 |
| 2018 | $2.1M | $1.8M | $1.6M | $884K | — | View 990 |
| 2017 | $1.6M | $1.5M | $1.3M | $943K | — | View 990 |
| 2016 | $1.8M | $1.6M | $1.2M | $850K | — | View 990 |
| 2015 | $1.9M | $1.7M | $1.0M | $958K | — | View 990 |
| 2014 | $1.6M | $1.3M | $1.0M | $1.0M | — | View 990 |
| 2013 | $705K | $584K | $397K | $18K | — | View 990 |
| 2012 | $327K | $311K | $276K | $12K | — | View 990 |
| 2011 | $209K | $313K | $260K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $3.6M, and assets of $5.5M (revenue +19.9% year-over-year).
- 2022: Revenue of $3.7M, expenses of $2.7M, and assets of $4.6M (revenue +25.4% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.0M, and assets of $3.7M (revenue +39.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $2.6M (revenue -20.3% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.0M, and assets of $2.4M (revenue +28.8% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.8M, and assets of $1.6M (revenue +29.9% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $1.3M (revenue -13.6% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $1.2M (revenue -5.6% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $1.0M (revenue +25.3% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.3M, and assets of $1.0M (revenue +120.1% year-over-year).
- 2013: Revenue of $705K, expenses of $584K, and assets of $397K (revenue +115.8% year-over-year).
- 2012: Revenue of $327K, expenses of $311K, and assets of $276K (revenue +56.3% year-over-year).
- 2011: Revenue of $209K, expenses of $313K, and assets of $260K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hometown Foundation Inc:
Data Sources and Methodology
This transparency report for Hometown Foundation 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.