Housing and Economic Opportunities Inc

Analysis

Housing and Economic Opportunities Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 2026. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2022, Housing and Economic Opportunities Inc reported income of $145k and spending of $256k, spending 177% of what it took in. Across the 4 years on record, from March 2019 to March 2022, income fell from $264k to $145k (-45%), an average of -18% a year. The sharpest change came in the year to March 2021, when income rose by 96%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Economic Opportunities Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Lighthouse Org ($145k), Fox Township Manor Inc ($145k) and Bridge Housing Acquisitions Inc ($145k).

On its Form 990 for the period ending March 2022, revenue came from program service revenue 84% of the total. Other salaries and wages came to $8,398. At year end it held assets of $3.4m against liabilities of $1.4m, net assets of $2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.