Housing Opportunities for Women Inc

Analysis

Housing Opportunities for Women Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1984, 42 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 for Women Inc reported income of $10.2m and spending of $11.0m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $10.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Opportunities for Women Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($10.2m), Mercy Haven Inc ($10.2m) and Sarahs Circle ($10.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.9% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $9.2m against liabilities of $4.3m, net assets of $4.9m. It reported 87 employees.