Home and Community Options Inc

Analysis

Home and Community Options Inc is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in July 1976, 50 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, Home and Community Options Inc reported income of $10.9m and spending of $10.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.5m to $10.9m (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income dropped by 16%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home and Community Options Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Heartland Senior Living ($10.9m), Olneyville Housing Corp ($10.9m) and Elim Senior Housing Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $255k (2.4% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $11.7m against liabilities of $720k, net assets of $11.0m. It reported 440 employees.