Choctaw Hugo Properties Inc

Analysis

Choctaw Hugo Properties Inc is a registered charity in United States, based in Hugo, OK. It received its IRS tax-exemption ruling in August 2007, 19 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Choctaw Hugo Properties Inc reported income of $93k and spending of $119k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $93k to $93k (+0.0%), an average of +0.0% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Choctaw Hugo Properties Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within OK. Charities of a similar size with the same main cause include Stony Brook Housing Inc ($93k), Smile Housing Corporation ($93k) and Western Iowa Housing Corporation ($93k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.0m against liabilities of $7,193, net assets of $1.0m.

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.