Residential Opportunities Incorporated

Analysis

Residential Opportunities Incorporated is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Residential Opportunities Incorporated reported income of $25.8m and spending of $25.8m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.9m to $25.8m (+23%), an average of +5.4% a year. The sharpest change came in the year to September 2022, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Opportunities Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Chapman Partnership Inc ($25.8m), Jewish Community Center ($25.8m) and Westminster Presbyterian Homes Inc ($25.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $287k (1.1% of expenses). Other salaries and wages came to $15.6m. At year end it held assets of $22.6m against liabilities of $8.7m, net assets of $13.8m. It reported 509 employees.