Home Opportunities Made Easy Inc

Analysis

Home Opportunities Made Easy Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 1968, 58 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 June 2023, Home Opportunities Made Easy Inc reported income of $2.1m and spending of $2.1m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $2.1m (-0.5%), an average of -0.2% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Opportunities Made Easy Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Bridges to Independence Inc ($2.1m), Parkview Village Christian Care Inc ($2.1m) and Community Concepts Finance Corp ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $220k (10% of expenses). Other salaries and wages came to $436k. At year end it held assets of $3.6m against liabilities of $2.8m, net assets of $801k. It reported 13 employees.