Brownsville Housing Opportunity Corporation

Analysis

Brownsville Housing Opportunity Corporation is a registered charity in United States, based in Brownsville, TX. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brownsville Housing Opportunity Corporation reported income of $7.8m and spending of $6.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $7.8m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to June 2020, when income dropped by 23%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brownsville Housing Opportunity Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include SSND Mmu MCH Venture Inc ($7.8m), Preventive Cardiovascular Nurses Association Inc ($7.9m) and Mercy Housing and Shelter Corporation ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $47.2m against liabilities of $13.8m, net assets of $33.5m.