Housing Opportunities of Fort Worth Inc

Analysis

Housing Opportunities of Fort Worth Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 2005, 21 years ago. 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, Housing Opportunities of Fort Worth Inc reported income of $299k and spending of $303k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $313k to $299k (-4.4%), an average of -1.5% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Opportunities of Fort Worth Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Family Resource and Youth Services Coalition of Kentucky Inc ($299k), Shadow Mountain Matador Parent Teacher Club ($299k) and Barbour County Rest & Retirement Home Association Inc ($299k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $252k. At year end it held assets of $173k against liabilities of $0, net assets of $173k. It reported 4 employees.