Opportunity Headquarters Inc

Analysis

Opportunity Headquarters Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Opportunity Headquarters Inc reported income of $2.1m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $2.6m to $2.1m (-19%), an average of -5.3% a year. The sharpest change came in the year to April 2023, when income dropped by 57%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opportunity Headquarters Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Landis HCBS LLC ($2.1m), Housing Trust of Rutland County Inc ($2.1m) and 1415 Wythe Housing Development Fund Corporation ($2.1m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.5% and program service revenue 100% of the total. Other salaries and wages came to $533k. At year end it held assets of $546k against liabilities of $250k, net assets of $295k. It reported 13 employees.