Housing Opportunities Inc

Analysis

Housing Opportunities Inc is a registered charity in United States, based in Great Bend, KS. It received its IRS tax-exemption ruling in January 1998, 28 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, Housing Opportunities Inc reported income of $1.8m and spending of $1.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $1.8m (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 82%. Over the whole period it spent 98% 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 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Brownsville Partnership Inc ($1.8m), Neighborhood Housing Finance Corporation ($1.8m) and Housing Whitefish Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 48% of the total. Other salaries and wages came to $332k. At year end it held assets of $6.1m against liabilities of $5.3m, net assets of $779k. It reported 11 employees.