Homeward Bound Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 17,501,323 | 18,520,973 | −1,019,650 | 2.8 | 67% |
| 2021 | 20,805,285 | 19,497,071 | 1,308,214 | 3.5 | 69% |
| 2022 | 21,134,110 | 20,564,728 | 569,382 | 3.5 | 71% |
| 2023 | 19,103,964 | 19,965,653 | −861,689 | 3.1 | 71% |
In its most recent public year (2023), this organization spent $861,689 more than it brought in. Its reserves stood at about 3.1 months of spending. Staff pay was 71% of spending. $1,326,136 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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