Housing Opportunities Inc

Analysis

Housing Opportunities Inc is a registered charity in United States, based in S Salt Lake, UT. It received its IRS tax-exemption ruling in November 1994, 32 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 Inc reported income of $587k and spending of $509k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $854k to $587k (-31%), an average of -12% a year. The sharpest change came in the year to June 2021, when income dropped by 37%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Opportunities Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within UT. Charities of a similar size with the same main cause include Bhutanese Community of Central Ohio ($587k), Izaak Walton League of America Inc ($587k) and Women in Research Ltd ($587k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $45k. At year end it held assets of $5.6m against liabilities of $3.9m, net assets of $1.6m.