The Home Ownership Center of Greater Cincinnati Inc

Analysis

The Home Ownership Center of Greater Cincinnati Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in April 1973, 53 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 December 2023, The Home Ownership Center of Greater Cincinnati Inc reported income of $922k and spending of $635k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $558k to $922k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Home Ownership Center of Greater Cincinnati Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Midland Visions 2000 ($921k), Peaceful Pastures Housing Inc ($922k) and Community Housing Resource Board of Southern Bergen County Inc ($921k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $139k (22% of expenses). Other salaries and wages came to $226k. At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.2m. It reported 6 employees.