Habitat Omaha Affordable Mortgage Solutions Inc

Analysis

Habitat Omaha Affordable Mortgage Solutions Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Habitat Omaha Affordable Mortgage Solutions Inc reported income of $1.6m and spending of $1.2m, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $411k to $1.6m (+283%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 164%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Habitat Omaha Affordable Mortgage Solutions Inc 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 84th percentile, and in the 84th percentile within NE. Charities of a similar size with the same main cause include Youth at Heart Inc ($1.6m), Home Makers of Hope Inc ($1.6m) and Ultra Care Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 41% of the total. Other salaries and wages came to $357k. At year end it held assets of $24.6m against liabilities of $24.4m, net assets of $195k.