Homeward Pikes Peak
Homeward Pikes Peak shows significant revenue and asset growth, with no reported officer compensation.
EIN: 134242773 · Colorado Spgs, CO · NTEE: L41 · Updated: 2026-03-28
Is Homeward Pikes Peak Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homeward Pikes Peak directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homeward Pikes Peak
Homeward Pikes Peak (EIN: 134242773) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code L41. The organization reported total revenue of $4.3M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homeward Pikes Peak's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homeward Pikes Peak 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 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $4.8M |
| Surplus / Deficit | +$956K |
| Total Assets | $10.1M |
| Total Liabilities | $5.2M |
| Net Assets | $5.0M |
| Operating Margin | 16.6% |
| Debt-to-Asset Ratio | 51.1% |
| Months of Reserves | 25.4 months |
Financial Health Grade: A
In 2023, Homeward Pikes Peak reported a surplus of $956K with revenue exceeding expenses, holds 25.4 months of operating reserves (strong position), has a debt-to-asset ratio of 51.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Homeward Pikes Peak's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +47.6% | +18.2% |
| 2022 | +70.5% | +40.1% | +125.5% |
| 2021 | +7.6% | +11.1% | +76.8% |
| 2020 | +28.6% | +7.4% | +37.4% |
| 2019 | +15.7% | +13.1% | +91.1% |
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 Homeward Pikes Peak 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: 75%
- fundraising: 10%
According to IRS 990 filings, Homeward Pikes Peak allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $956K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.1%.
Executive Compensation Analysis
The IRS 990 filings for Homeward Pikes Peak consistently report 0% officer compensation, which is unusual for an organization of its size with over $5 million in annual revenue and $10 million in assets. This either indicates a fully volunteer executive leadership or that compensation is structured and reported in a way not captured under 'Officer Comp' on these specific filings, warranting further investigation for complete transparency.
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 Pikes Peak's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes a precise efficiency assessment difficult.
Strengths
The following positive indicators were identified for Homeward Pikes Peak:
- Strong and consistent revenue growth, increasing from $2,174,401 in 2019 to $5,748,905 in 2023.
- Significant asset growth, reaching $10,134,585 in 2023, indicating financial stability and capacity.
- Consistently operates with a surplus, with revenue exceeding expenses in most reported periods (e.g., $5,748,905 revenue vs. $4,792,480 expenses in 2023).
- Positive trend in net assets (Assets - Liabilities), growing from $701,686 in 2019 to $4,951,894 in 2023.
Frequently Asked Questions about Homeward Pikes Peak
Is Homeward Pikes Peak a legitimate charity?
Based on AI analysis of IRS 990 filings, Homeward Pikes Peak (EIN: 134242773) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Homeward Pikes Peak spend its money?
Homeward Pikes Peak directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homeward Pikes Peak tax-deductible?
Homeward Pikes Peak is registered as a tax-exempt nonprofit (EIN: 134242773). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Homeward Pikes Peak manage to report 0% officer compensation despite its size?
The consistent reporting of 0% officer compensation across all available filings for Homeward Pikes Peak, an organization with over $5 million in annual revenue, is highly unusual. This could indicate a volunteer-led executive team, or that executive compensation is categorized under different expense lines not explicitly labeled as 'Officer Comp' on the summary data provided. Further review of the full 990 forms would be necessary to understand the specifics.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To accurately assess spending efficiency, a deeper dive into the full IRS 990 forms would be required to see how the total expenses of $4,792,480 in 2023 are allocated across these categories.
What is the organization's strategy for managing its growing assets and liabilities?
Homeward Pikes Peak has seen substantial growth in both assets and liabilities, with assets reaching $10,134,585 and liabilities $5,182,691 in 2023. While asset growth is positive, the corresponding increase in liabilities suggests strategic investments or financing activities. Understanding the nature of these liabilities (e.g., program-related debt, capital investments) would provide insight into their long-term financial strategy.
Filing History
IRS 990 filing history for Homeward Pikes Peak showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Homeward Pikes Peak's revenue has grown by 1326%, moving from $403K to $5.7M. Total assets increased by 5815.2% over the same period, from $171K to $10.1M. Total functional expenses rose by 1138.8%, from $387K to $4.8M. In its most recent filing year (2023), Homeward Pikes Peak reported a surplus of $956K, with revenue exceeding expenses. The organization holds $5.2M in liabilities against $10.1M in assets (debt-to-asset ratio: 51.1%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $4.8M | $10.1M | $5.2M | — | — |
| 2022 | $5.1M | $3.2M | $8.6M | $4.6M | — | — |
| 2021 | $3.0M | $2.3M | $3.8M | $1.7M | — | View 990 |
| 2020 | $2.8M | $2.1M | $2.1M | $738K | — | — |
| 2019 | $2.2M | $1.9M | $1.6M | $863K | — | View 990 |
| 2018 | $1.9M | $1.7M | $819K | $349K | — | View 990 |
| 2017 | $1.6M | $1.5M | $765K | $457K | — | — |
| 2016 | $1.2M | $1.3M | $681K | $469K | — | View 990 |
| 2015 | $1.0M | $984K | $688K | $445K | — | View 990 |
| 2014 | $726K | $840K | $692K | $468K | — | View 990 |
| 2013 | $1.1M | $1.0M | $802K | $464K | — | View 990 |
| 2012 | $566K | $546K | $135K | $25K | — | View 990 |
| 2011 | $403K | $387K | $171K | $82K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $4.8M, and assets of $10.1M (revenue +12.0% year-over-year).
- 2022: Revenue of $5.1M, expenses of $3.2M, and assets of $8.6M (revenue +70.5% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.3M, and assets of $3.8M (revenue +7.6% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.1M, and assets of $2.1M (revenue +28.6% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.9M, and assets of $1.6M (revenue +15.7% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.7M, and assets of $819K (revenue +17.0% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $765K (revenue +31.2% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $681K (revenue +22.0% year-over-year).
- 2015: Revenue of $1.0M, expenses of $984K, and assets of $688K (revenue +38.2% year-over-year).
- 2014: Revenue of $726K, expenses of $840K, and assets of $692K (revenue -34.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $802K (revenue +95.3% year-over-year).
- 2012: Revenue of $566K, expenses of $546K, and assets of $135K (revenue +40.3% year-over-year).
- 2011: Revenue of $403K, expenses of $387K, and assets of $171K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homeward Pikes Peak:
Data Sources and Methodology
This transparency report for Homeward Pikes Peak 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.