Wake County Opportunities Housing Corporation II

Analysis

Wake County Opportunities Housing Corporation II is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1999, 27 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 June 2023, Wake County Opportunities Housing Corporation II reported income of $264k and spending of $355k, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $228k to $264k (+16%), an average of +5.1% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wake County Opportunities Housing Corporation II sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Journey Home Inc ($264k), Fairlawn Apartments ($264k) and Christmas in Action Wichita TX Inc ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $2.0m against liabilities of $3.6m, net assets of -$1.6m.

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.