Housing Opportunities Project for Excellence Inc

Analysis

Housing Opportunities Project for Excellence Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2021, 5 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 March 2023, Housing Opportunities Project for Excellence Inc reported income of $901k and spending of $1.2m, spending 130% of what it took in. Across the 6 years on record, from March 2018 to March 2023, income grew from $644k to $901k (+40%), an average of +6.9% a year. The sharpest change came in the year to March 2022, when income rose by 149%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Opportunities Project for Excellence Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Mission Springs Housing for the Elderly Inc ($900k), Marygrove Nonprofit ($901k) and Add ADHD Housing Group Inc ($900k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $144k (12% of expenses). Other salaries and wages came to $347k. At year end it held assets of $1.5m against liabilities of $54k, net assets of $1.5m. It reported 8 employees.