Redford Opportunity House a Non Profit Housing Corporation

Analysis

Redford Opportunity House a Non Profit Housing Corporation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Redford Opportunity House a Non Profit Housing Corporation reported income of $865k and spending of $748k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $604k to $865k (+43%), an average of +9.4% a year. The sharpest change came in the year to September 2022, when income rose by 32%. 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, Redford Opportunity House a Non Profit Housing Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Harmony House Domestic Violence Shelter Inc ($864k), Child Nutrition Services Inc ($865k) and Christian Service Center of Abilene Inc ($864k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $13k (1.7% of expenses). Other salaries and wages came to $459k. At year end it held assets of $597k against liabilities of $11k, net assets of $587k.