Elderly Citizens Housing Opportunities Inc

Analysis

Elderly Citizens Housing Opportunities Inc is a registered charity in United States, based in Pikeville, KY. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Elderly Citizens Housing Opportunities Inc reported income of $147k and spending of $184k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $126k to $147k (+16%), an average of +5.1% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elderly Citizens Housing Opportunities Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within KY. Charities of a similar size with the same main cause include Sunshine Village Housing Corporation of Slidell Inc ($147k), Idaho Affordable Housing Management Association ($147k) and St Johns Berchmans Housing Corporation Inc ($147k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $2.0m, net assets of -$497k.

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.