Choice Housing

Analysis

Choice Housing is a registered charity in United States, based in Portsmouth, OH. It received its IRS tax-exemption ruling in July 1993, 33 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 May 2024, Choice Housing reported income of $331k and spending of $167k, leaving 50% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $227k to $331k (+46%), an average of +9.9% a year. The sharpest change came in the year to May 2021, when income rose by 72%. Over the whole period it spent 40% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Choice Housing sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Pennsylvania Home Lending Collaborative Inc ($331k), West Texas Hero Homes Inc ($331k) and Ayer Elderly Housing Partnership Inc ($331k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $1.4m against liabilities of $11k, net assets of $1.4m.