Housing Opportunities Inc

Analysis

Housing Opportunities Inc is a registered charity in United States, based in Crown Point, IN. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Housing Opportunities Inc reported income of $5.7m and spending of $3.5m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $5.7m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Opportunities Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IN. Charities of a similar size with the same main cause include Houstons Amazing Place Inc ($5.7m), Hoola Na Pua ($5.7m) and Georgia Sheriffs Youth Homes Inc ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $149k (4.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $13.7m against liabilities of $2.8m, net assets of $10.8m. It reported 29 employees.