Housing Opportunities Extension Inc

Analysis

Housing Opportunities Extension Inc is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 Extension Inc reported income of $118k and spending of $122k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $117k to $118k (+0.5%), an average of +0.5% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Opportunities Extension Inc sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Solano Community Symphony Association ($118k), Little League Baseball Inc ($118k) and International Gospel Ministries Inc ($118k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $157k against liabilities of $87k, net assets of $70k.