Housing Opportunities Inc

Analysis

Housing Opportunities Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in September 1992, 34 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 Inc reported income of $2.5m and spending of $2.0m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.5m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Opportunities Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include N S Community Planning and Development Corp ($2.5m), Volunteers of America Inc ($2.6m) and Squire Village Preservation NFP ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $34k (1.7% of expenses). Other salaries and wages came to $127k. At year end it held assets of $9.3m against liabilities of $6.4m, net assets of $2.9m. It reported 1 employees.