Ohana Homes Inc

Analysis

Ohana Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 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 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, Ohana Homes Inc reported income of $59k and spending of $77k, spending 132% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $55k to $59k (+5.8%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ohana Homes 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 25th percentile within MD. Charities of a similar size with the same main cause include B B Homes Inc ($58k), Community Action Housingcorporation Region I ($59k) and Affordable Homeless Housing Alternatives Inc ($58k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $601k against liabilities of $881k, net assets of -$280k.

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.