Homeward Bound Pet Adoption Center Inc
Homeward Bound Pet Adoption Center Inc shows strong revenue growth and financial surplus in 2023, with no reported officer compensation.
EIN: 200549531 · Blackwood, NJ · NTEE: D20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Homeward Bound Pet Adoption Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homeward Bound Pet Adoption Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homeward Bound Pet Adoption Center Inc
Homeward Bound Pet Adoption Center Inc (EIN: 200549531) is a nonprofit organization based in Blackwood, NJ, classified under NTEE code D20. The organization reported total revenue of $3.6M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeward Bound Pet Adoption Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homeward Bound Pet Adoption Center Inc is a mid-size 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 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$700K |
| Total Assets | $1.9M |
| Total Liabilities | $84K |
| Net Assets | $1.8M |
| Operating Margin | 19.4% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 7.9 months |
Financial Health Grade: A
In 2023, Homeward Bound Pet Adoption Center Inc reported a surplus of $700K with revenue exceeding expenses, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homeward Bound Pet Adoption Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.3% | +13.1% | +62.9% |
| 2022 | -4.6% | -7.1% | -11.2% |
| 2021 | +41.0% | +25.8% | -9.5% |
| 2020 | -3.8% | -4.6% | -1.7% |
| 2019 | +6.0% | +33.3% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1240 |
| IRS Ruling Date | 2006 |
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 Homeward Bound Pet Adoption Center Inc with a Mission Score of 90 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, Homeward Bound Pet Adoption Center 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $700K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its executive leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation, which is highly unusual for an organization with over $3 million in annual revenue.
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 Homeward Bound Pet Adoption Center Inc's IRS 990 filings:
- Periods of expenses exceeding revenue (2019-2022) indicate reliance on reserves or prior surpluses during those years.
Strengths
The following positive indicators were identified for Homeward Bound Pet Adoption Center Inc:
- Strong revenue growth, increasing from $1.5M in 2014 to $3.6M in 2023.
- Significant financial surplus of $699,770 in the latest 2023 filing.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in leadership costs.
- Healthy growth in net assets, from $691,015 in 2014 to $1,924,814 in 2023.
- Low liabilities relative to assets, indicating strong financial solvency.
Frequently Asked Questions about Homeward Bound Pet Adoption Center Inc
Is Homeward Bound Pet Adoption Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homeward Bound Pet Adoption Center Inc (EIN: 200549531) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Homeward Bound Pet Adoption Center Inc spend its money?
Homeward Bound Pet Adoption Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homeward Bound Pet Adoption Center Inc tax-deductible?
Homeward Bound Pet Adoption Center Inc is registered as a tax-exempt nonprofit (EIN: 200549531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Homeward Bound Pet Adoption Center Inc CEO make?
Homeward Bound Pet Adoption Center Inc's highest-compensated officer earns $3 annually. The organization reported $3.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Homeward Bound Pet Adoption Center Inc's spending goes to programs?
Homeward Bound Pet Adoption Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homeward Bound Pet Adoption Center Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Homeward Bound Pet Adoption Center Inc is above average for NTEE category D20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homeward Bound Pet Adoption Center Inc located?
Homeward Bound Pet Adoption Center Inc is headquartered in Blackwood, New Jersey and files with the IRS under EIN 200549531. It is classified under NTEE code D20.
How many years of IRS 990 filings does Homeward Bound Pet Adoption Center Inc have?
Homeward Bound Pet Adoption Center Inc has 13 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 $3.6M in total revenue.
Is Homeward Bound Pet Adoption Center Inc a good charity?
Based on the financial data, Homeward Bound Pet Adoption Center Inc appears to be a good charity. It demonstrates strong financial health, consistent revenue growth, and a significant surplus in its latest filing. The absence of reported officer compensation is a notable positive for efficiency.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved. While there were periods of operating deficits between 2019 and 2022, the latest 2023 filing shows a substantial surplus of $699,770, and total assets have more than doubled from $864,425 in 2015 to $1,924,814 in 2023.
What is the trend in revenue for Homeward Bound Pet Adoption Center Inc?
Homeward Bound Pet Adoption Center Inc has experienced substantial revenue growth, increasing from $1,496,404 in 2015 to $3,614,876 in 2023, representing a growth of over 140% in less than a decade.
Filing History
IRS 990 filing history for Homeward Bound Pet Adoption Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homeward Bound Pet Adoption Center Inc's revenue has grown by 157.2%, moving from $1.4M to $3.6M. Total assets increased by 471.6% over the same period, from $337K to $1.9M. Total functional expenses rose by 136.8%, from $1.2M to $2.9M. In its most recent filing year (2023), Homeward Bound Pet Adoption Center Inc reported a surplus of $700K, with revenue exceeding expenses. The organization holds $84K in liabilities against $1.9M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $2.9M | $1.9M | $84K | — | — |
| 2022 | $2.6M | $2.6M | $1.2M | $132K | — | View 990 |
| 2021 | $2.7M | $2.8M | $1.3M | $125K | — | View 990 |
| 2020 | $1.9M | $2.2M | $1.5M | $296K | — | View 990 |
| 2019 | $2.0M | $2.3M | $1.5M | $165K | — | View 990 |
| 2018 | $1.9M | $1.7M | $1.6M | $109K | — | View 990 |
| 2017 | $2.0M | $1.5M | $1.4M | $34K | — | View 990 |
| 2016 | $1.7M | $1.6M | $953K | $55K | — | View 990 |
| 2015 | $1.5M | $1.3M | $864K | $76K | — | View 990 |
| 2014 | $1.5M | $1.4M | $691K | $57K | — | View 990 |
| 2013 | $1.5M | $1.4M | $597K | $92K | — | View 990 |
| 2012 | $1.4M | $1.3M | $433K | $40K | — | View 990 |
| 2011 | $1.4M | $1.2M | $337K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $2.9M, and assets of $1.9M (revenue +40.3% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.6M, and assets of $1.2M (revenue -4.6% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.8M, and assets of $1.3M (revenue +41.0% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.2M, and assets of $1.5M (revenue -3.8% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.3M, and assets of $1.5M (revenue +6.0% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.7M, and assets of $1.6M (revenue -3.8% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.5M, and assets of $1.4M (revenue +14.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $953K (revenue +13.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $864K (revenue -0.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $691K (revenue -2.7% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $597K (revenue +13.7% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $433K (revenue -3.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.2M, and assets of $337K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeward Bound Pet Adoption Center Inc:
Data Sources and Methodology
This transparency report for Homeward Bound Pet Adoption Center 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.