Housing and Opportunity Foundation of Kern

Analysis

Housing and Opportunity Foundation of Kern is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in February 2012, 14 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, Housing and Opportunity Foundation of Kern reported income of $161k and spending of $106k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $97k to $161k (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 119%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing and Opportunity Foundation of Kern sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Osu Folk Club Thrift Shop Inc Attn Bookkeeper ($161k), Our Daily Bread Kitchen Inc ($161k) and Ach Landowner III ($161k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 120% of the total. At year end it held assets of $437k against liabilities of $21k, net assets of $417k.