Housing Opportunities Inc

Analysis

Housing Opportunities Inc is a registered charity in United States, based in Rochester, PA. It received its IRS tax-exemption ruling in November 1997, 29 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, Housing Opportunities Inc reported income of $261k and spending of $234k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $191k to $261k (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Opportunities Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within PA. Charities of a similar size with the same main cause include Fulton Gardens II Corporation ($261k), Ceo Council Foundation ($261k) and Texas Low Income Housing Information Service ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $24k (10% of expenses). Other salaries and wages came to $100k. At year end it held assets of $361k against liabilities of $329k, net assets of $33k. It reported 4 employees.