Housing Opportunities Inc

Analysis

Housing Opportunities Inc is a registered charity in United States, based in Farmville, VA. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Housing Opportunities Inc reported income of $128k and spending of $126k, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $113k to $128k (+13%), an average of +3.1% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Housing Opportunities Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include A Vision of Hope Recovery Program ($128k), Idaho Oral Health Alliance Inc ($128k) and Star Valley Medical Center Charitable Foundation ($128k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 51% of the total. Other salaries and wages came to $21k. At year end it held assets of $425k against liabilities of $16k, net assets of $409k.