Utah Association of Realtors Housing Opportunity Fund

Analysis

Utah Association of Realtors Housing Opportunity Fund is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in January 1999, 27 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 September 2023, Utah Association of Realtors Housing Opportunity Fund reported income of $509k and spending of $158k, leaving 69% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $116k to $509k (+337%), an average of +338% a year. The sharpest change came in the year to September 2023, when income rose by 337%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Utah Association of Realtors Housing Opportunity Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within UT. Charities of a similar size with the same main cause include Progressive Housing Solutions Corporation ($509k), Capitol Heights Place II Inc ($509k) and Senior Affordable Housing Corp No 4 ($509k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $618k against liabilities of $5,113, net assets of $613k.