Housing Options Inc

Analysis

Housing Options Inc is a registered charity in United States, based in Henrico, VA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Options Inc reported income of $180k and spending of $149k, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $156k to $180k (+15%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Housing Options Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include The Sourcing and Procurement Organization Incorporated ($180k), Florida Family Child Care Home Association Inc ($180k) and Northern Wi Asbestos Workers Joint Apprenticeship Fund ($180k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.3m against liabilities of $42k, net assets of $1.3m.