Wake County Opportunities Housing Corporation

Analysis

Wake County Opportunities Housing Corporation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1990, 36 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 reported income of $157k and spending of $157k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $146k to $157k (+7.0%), an average of +2.3% a year. Over the whole period it spent 97% 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 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 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Renovatus ($157k), Humanity Housing Inc ($157k) and Friendship Senior Options Foundation NFP ($157k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $216k against liabilities of $367k, net assets of -$152k.