Housing Opportunity Corporation

Analysis

Housing Opportunity Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1996, 30 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 December 2023, Housing Opportunity Corporation reported income of $12.0m and spending of $10.9m, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $9.8m to $12.0m (+23%), an average of +7.1% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Opportunity Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Central Ohio Community Land Trust ($12.0m), Greater Birmingham Habitat for Humanity Inc ($12.1m) and Kaweah Management Company ($12.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $68.7m against liabilities of $42.6m, net assets of $26.1m.