East Bay Housing Options Inc

Analysis

East Bay Housing Options Inc is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, East Bay Housing Options Inc reported income of $128k and spending of $165k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $64k to $128k (+101%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 156% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, East Bay Housing Options Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within RI. Charities of a similar size with the same main cause include Community Ridge Day Care Center Inc ($128k), Jack Mental Health Advocacy Inc ($128k) and Feed Gods Hungry Children Inc ($128k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $9,645. At year end it held assets of $980k against liabilities of $222k, net assets of $758k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.