Opportunity House

Analysis

Opportunity House is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in January 1989, 37 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 June 2023, Opportunity House reported income of $7.5m and spending of $6.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $7.5m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opportunity House sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Fund for Public Housing Inc ($7.5m), Carnegie East House Housing Development Fund Company Inc ($7.5m) and Interfaith Housing Development Corporation of Chicago ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $179k (2.9% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $8.4m against liabilities of $633k, net assets of $7.8m. It reported 110 employees.