Fair Housing Opportunities of Northwest Ohio Inc

Analysis

Fair Housing Opportunities of Northwest Ohio Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in September 1975, 51 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 June 2023, Fair Housing Opportunities of Northwest Ohio Inc reported income of $1.2m and spending of $1.9m, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $639k to $1.2m (+93%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fair Housing Opportunities of Northwest Ohio Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include My Place Home for the Homeless ($1.2m), Nho Management Inc ($1.2m) and Lakeview Presbyterian Homes Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $326k (18% of expenses). Other salaries and wages came to $570k. At year end it held assets of $2.4m against liabilities of $479k, net assets of $2.0m. It reported 52 employees.