Options for Affordable Housing

Analysis

Options for Affordable Housing is a registered charity in United States, based in Houma, LA. It received its IRS tax-exemption ruling in September 2014, 12 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 2023, Options for Affordable Housing reported income of $74k and spending of $153k, spending 208% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $208k to $74k (-65%), an average of -23% a year. The sharpest change came in the year to June 2023, when income dropped by 55%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Options for Affordable Housing sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include Houston Employee Relieforganization Inc ($74k), Born Again Bargains Inc ($74k) and The Feed Store ($74k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 195% of the total. At year end it held assets of $1.5m against liabilities of $686k, net assets of $838k.