Housing Lopez

Analysis

Housing Lopez is a registered charity in United States, based in Lopez Island, WA. It received its IRS tax-exemption ruling in October 2018, 8 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 December 2023, Housing Lopez reported income of $1.7m and spending of $459k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $1.7m (+450%), an average of +53% a year. The sharpest change came in the year to December 2021, when income rose by 228%. Over the whole period it spent 17% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Lopez sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Ann Arbor Affordable Housing Corporation ($1.7m), Pelham Corporation ($1.7m) and South Mississippi Housing Anddevelopment Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. It paid $10k in professional fundraising fees. At year end it held assets of $4.9m against liabilities of $583k, net assets of $4.3m.