Positive Outlook Housing Corp

Analysis

Positive Outlook Housing Corp is a registered charity in United States, based in Compton, CA. It received its IRS tax-exemption ruling in May 1984, 42 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Positive Outlook Housing Corp reported income of $485k and spending of $261k, leaving 46% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $27k to $485k (+1694%), an average of +324% a year. The sharpest change came in the year to June 2023, when income rose by 354%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Positive Outlook Housing Corp sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Total Ministries of Spartanburg County ($485k), St Francis Medical Center Foundation Inc ($485k) and Leftovers ($485k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $119k (45% of expenses). At year end it held assets of $157k against liabilities of $34k, net assets of $123k. It reported 1 employees.