Ashland Housing Opportunities Incorporated

Analysis

Ashland Housing Opportunities Incorporated is a registered charity in United States, based in Grants Pass, OR. It received its IRS tax-exemption ruling in April 1997, 29 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, Ashland Housing Opportunities Incorporated reported income of $112k and spending of $120k, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $138k to $112k (-19%), an average of -5.1% a year. The sharpest change came in the year to September 2020, when income dropped by 26%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ashland Housing Opportunities Incorporated sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within OR. Charities of a similar size with the same main cause include Center Housing Development Fund Corporation II ($112k), Starve Poverty International ($112k) and Nlh5 Inc ($112k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $28k. At year end it held assets of $340k against liabilities of $776k, net assets of -$437k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.