O and B Community Homes

Analysis

O and B Community Homes is a registered charity in United States, based in Trenton, MI. It received its IRS tax-exemption ruling in October 1986, 40 years ago. 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, O and B Community Homes reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, O and B Community Homes sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include The Delaware Speech and Hearing Center ($1.8m), Somos Inc ($1.8m) and Young Mens Christian Association of Portage Township Inc ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (5.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $764k against liabilities of $180k, net assets of $584k. It reported 46 employees.