Housing Opportunities Inc

Analysis

Housing Opportunities Inc is a registered charity in United States, based in Texarkana, AR. It received its IRS tax-exemption ruling in December 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Housing Opportunities Inc reported income of $854k and spending of $556k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $643k to $854k (+33%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 74% 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 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within AR. Charities of a similar size with the same main cause include Holy Trinity Villa Inc ($854k), Greater Peace Community Development Corporation ($854k) and Redbanks Regency Apartments Inc ($854k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 26% of the total. Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $57k, net assets of $1.0m.