Housing Opportunities for Musicians and Entertainers

Analysis

Housing Opportunities for Musicians and Entertainers is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2018, 8 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 Musicians and Entertainers reported income of $280k and spending of $201k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $291k to $280k (-3.7%), an average of -1.2% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 67% 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 Musicians and Entertainers sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Elizabeth Lake Nonprofit Housing Corporation ($280k), Heavenly Grace Assistant Living Facility Inc ($280k) and Occupy Madison Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $575k against liabilities of $0, net assets of $575k.