Berks Housing Opportunities Inc

Analysis

Berks Housing Opportunities Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in February 2015, 11 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, Berks Housing Opportunities Inc reported income of $59k and spending of $83k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10k to $59k (+467%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 1536%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Berks Housing Opportunities Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include Ida Community Development Corp Inc ($59k), Aldersgate at the Oaks ($59k) and Fairhaven Homes Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $6,000 (7.2% of expenses). At year end it held assets of $1.0m against liabilities of $224k, net assets of $797k. It reported 1 employees.