Sohum Housing Opportunities

Analysis

Sohum Housing Opportunities is a registered charity in United States, based in Garberville, CA. It received its IRS tax-exemption ruling in December 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 June 2023, Sohum Housing Opportunities reported income of $117k and spending of $106k, spending 90% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $214k to $117k (-45%), an average of -45% a year. The sharpest change came in the year to June 2023, when income dropped by 45%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sohum Housing Opportunities sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Ideal Apartments Housing Corporation ($117k), Chatham Homes for Elderly Inc ($117k) and The Stration Area Foundation I ($117k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $13k (12% of expenses). Other salaries and wages came to $25k. At year end it held assets of $24k against liabilities of $233, net assets of $24k. It reported 5 employees.