Financial Institutions Housing Opportunity Pool

Analysis

Financial Institutions Housing Opportunity Pool is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Financial Institutions Housing Opportunity Pool reported income of $113k and spending of $44k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $113k (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Financial Institutions Housing Opportunity Pool sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MS. Charities of a similar size with the same main cause include Project Outreach Inc ($113k), Morristown Area Development Corporation ($113k) and Dequincy Elderly Housing Corporation ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 83% of the total. At year end it held assets of $976k against liabilities of $21k, net assets of $955k.