Opportunity Homes Inc

Analysis

Opportunity Homes Inc is a registered charity in United States, based in Lisbon, OH. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Opportunity Homes Inc reported income of $3.9m and spending of $3.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.9m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity Homes Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Pediatric Dental Initiative of the North Coast ($3.9m), Ayco ($4.0m) and Haliwa-Saponi Indian Tribe ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $102k (2.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.1m against liabilities of $313k, net assets of $1.8m. It reported 152 employees.