Opportunity House Inc

Analysis

Opportunity House Inc is a registered charity in United States, based in Sycamore, IL. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Opportunity House Inc reported income of $8.6m and spending of $8.2m, spending 95% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.5m to $8.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opportunity House Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Iuoe & Assoc General Contractors of MN Apprentship & Training Program ($8.6m), Ser-Jobs for Progress of the Texas Gulf Coast Inc ($8.6m) and East Baltimore Development Inc ($8.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $163k (2.0% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $11.8m against liabilities of $887k, net assets of $10.9m. It reported 244 employees.