Erie County Housing Opportunities Inc

Analysis

Erie County Housing Opportunities Inc is a registered charity in United States, based in Sandusky, OH. It received its IRS tax-exemption ruling in July 2000, 26 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 July 2024, Erie County Housing Opportunities Inc reported income of $100k and spending of $94k, spending 95% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $72k to $100k (+37%), an average of +6.6% a year. The sharpest change came in the year to July 2024, when income rose by 31%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Erie County Housing Opportunities Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include Garden Street Apartments Inc ($100k), Good Samaritan Center ($100k) and Realtor-Community Housing Foundation Inc ($99k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 17% and program service revenue 62% of the total. Other salaries and wages came to $6,696. At year end it held assets of $398k against liabilities of $12k, net assets of $385k.