Opportunity Apartments Inc

Analysis

Opportunity Apartments Inc is a registered charity in United States, based in Kendallville, IN. It received its IRS tax-exemption ruling in April 1991, 35 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 Apartments Inc reported income of $174k and spending of $174k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $161k to $174k (+8.2%), an average of +2.7% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opportunity Apartments Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Shelby County Community Outreach Inc ($174k), Number One Single Room Occupancy Housing Development Fund Corporati ($174k) and Brisbane Senior Housing Inc ($174k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. At year end it held assets of $457k against liabilities of $680k, net assets of -$223k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.