Opportunity House Inc

Analysis

Opportunity House Inc is a registered charity in United States, based in Hamden, CT. It received its IRS tax-exemption ruling in January 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opportunity House Inc reported income of $4.2m and spending of $4.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.2m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunity House Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Armenian Relief Society of Western USA Inc ($4.2m), Hill Country Community Needs Council ($4.2m) and Catholic Charities Foundation of Northeast Kansas Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $120k (2.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $986k. It reported 78 employees.