Community Opportunity Center Non- Profit Housing Corporation

Analysis

Community Opportunity Center Non- Profit Housing Corporation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in October 1994, 32 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, Community Opportunity Center Non- Profit Housing Corporation reported income of $7.7m and spending of $5.4m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.1m to $7.7m (+52%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Opportunity Center Non- Profit Housing Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Tri-County Young Mens Christian Association Inc ($7.7m), United Cerebral Palsy Assoc of Putnam & Southern Dutchess ($7.7m) and Bronx House Inc ($7.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 31% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $101k (1.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $12.1m against liabilities of $507k, net assets of $11.6m. It reported 190 employees.