Housing & Shelter
(L800)
IRS Verified
DX Registered
990 on File
HOMEWARD BOUND
Financial strength (30%)
74/100
Reliability (20%)
55/100
Effectiveness (25%)
100/100
Impact (25%)
65/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Homeward Bound's mission is to meet every family's unique needs on their journey home.
Financial Overview — FY 2023
$4.6M
Total Revenue
$4.7M
Total Expenses
$3.3M
Net Assets
68
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
80.1%
Fundraising Efficiency
399.6%
Operating Reserve
8.39x
Liability-to-Asset
25.7%
Revenue Diversification
93.3%
Executive Compensation
$143K
Compared with Peers
FY 2023
Compared with 3,477 similar organizations
(United States, Housing & Shelter, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
80.1% | 86.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
10.9% | 10.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
9.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
399.6% | 227.4% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
8.4 mo | 12.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
25.7% | 40.3% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.3% | 90.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
2.9% | 5.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.0% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.1% | 1.7% |
P10P90
|
Impact
4 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| access to nutritious food or meals | 500 | $3.00 | — | Per Day |
| provided shelter and wraparound services | 500 | $6,602.00 | — | Per Year |
| prevent homelessness (access to rent and utility assistance) | 100 | $3,000.00 | — | Per Year |
| provide high-quality early childhood program for children 0-5 years old | 65 | $15,385.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $4.6M | $4.7M | $3.3M | 80.1% | 68 |
| 2022 | $4.5M | $4.2M | $3.3M | 79.4% | 69 |
| 2021 | $2.7M | $3.5M | N/A | — | 67 |
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