Opportunities Unlimited of Erie

Analysis

Opportunities Unlimited of Erie is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in May 1980, 46 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 2024, Opportunities Unlimited of Erie reported income of $425k and spending of $420k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $793k to $425k (-46%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 96%. 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, Opportunities Unlimited of Erie sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within PA. Charities of a similar size with the same main cause include 24-7 House Inc ($425k), Weehawken Senior Housing Rehabilitation Corporation ($425k) and Telos Inc ($425k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $46k (11% of expenses). Other salaries and wages came to $197k. At year end it held assets of $79k against liabilities of $40k, net assets of $39k. It reported 25 employees.