Minnesota · Nonprofit
HOMEWARD BOUND INC
HOMEWARD BOUND INC (Minnesota) receives grants from 30 organizations whose IRS filings report $663,638 to it, the largest being THE RICHARD M SCHULZE FAMILY FOUNDATION ($122,000). 18 of them have funded it in more than one year.
- Revenue FY2024
- $21M
- Funders on record
- 30
- Grants received
- $664k
- Net assets
- $5.6M
What Homeward Bound Inc does
Mission
Providing innovative and life-enriching services for children, adolescents, and adults with disabilities.
As stated on its FY2024 Form 990.
Program
Homeward bound was founded by families in 1973. For over 50 years homeward bound has provided quality and innovative services to support children and adults with disabilities in leading more fulfilling lives. While we serve people with a variety of disabilities, we have the unique capacity of meeting the needs of those with the most severe and profound disabilities. We provide 24 hour specialized nursing care, in-home care and group living environments. Homeward bound is a partnership between spirited individuals with disabilities and the caring people committed to providing an individualized, challenging and life-affirming growth experience. We provide support which values the competence, strengths and desires of each individual. Each person is encouraged and empowered to develop skills and capabilities needed to increase self-reliance and enhance quality of life.we currently operate 22 residential homes, and an in-home program. Our homes span the communities of: brooklyn park, crystal, golden valley, hopkins, maple grove, minnetonka, new hope, plymouth, robbinsdale and st. Louis park. We currently serve 91 people, ages 18 and up, from a variety of races, religions and…
$16,466,785 spent$20,220,551 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $16,466,785.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $10M to $12M (+17%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 1% · 2021 12% · 2022 2%. Grants only. Government contracts and fees sit inside program revenue.
1% of HOMEWARD BOUND INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (21% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 5 funders to 12 funders, grant income rose $56k → $141k.
9 of 30 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 40% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $792k from one payer (the payer shares this organization's board, largest Homeward Bound Foundation). These are real filings, and they are not money HOMEWARD BOUND INC raised.
From the IRS filings of HOMEWARD BOUND INC’s funders (the co-funder graph). Top 29 of 30 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HOMEWARD BOUND INC has a broad base — no single funder exceeds 18% of grant income, and it takes 4 funders to reach half.
the vertical line marks half of all grant income — 4 funders to its left
42% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HOMEWARD BOUND INC.
Largest funder’s share by year: 2017 43% · 2018 42% · 2019 30% · 2020 39% · 2021 25% · 2022 46% · 2023 39% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
35% of HOMEWARD BOUND INC's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
76% of HOMEWARD BOUND INC's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $265k arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HOMEWARD BOUND INC runs a healthier operating margin than half of the 3,288 human services nonprofits its size.
this organization peer median middle 50% of peers· 3,288 human services nonprofits $10M–$100M, FY2024
Organizations like HOMEWARD BOUND INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Homeward Bound Foundation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for HOMEWARD BOUND INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HOMEWARD BOUND INC?
- HOMEWARD BOUND INC (Minnesota) receives grants from 30 organizations whose IRS filings report $663,638 to it, the largest being THE RICHARD M SCHULZE FAMILY FOUNDATION ($122,000). 18 of them have funded it in more than one year.
- How many funders does HOMEWARD BOUND INC have?
- IRS filings report 30 organizations giving $663,638 in grants to HOMEWARD BOUND INC, 18 of which have funded it in more than one year.
- Who is the largest funder of HOMEWARD BOUND INC?
- THE RICHARD M SCHULZE FAMILY FOUNDATION is the largest funder on record, with $122,000 in grants. The full list of funders is on this page.
- How can an organization like HOMEWARD BOUND INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Homeward Bound →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 30 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing