Opportunity Neighborhood

Analysis

Opportunity Neighborhood is a registered charity in United States, based in Elk River, MN. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Opportunity Neighborhood reported income of $583k and spending of $644k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $478k to $583k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opportunity Neighborhood sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Jeffersons Ferry Foundation ($582k), Luthern Social Services of Central Ohio Lancaster Housing Inc ($583k) and Samaritan Center-Simi Valley ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $150k (23% of expenses). Other salaries and wages came to $362k. At year end it held assets of $326k against liabilities of $3,758, net assets of $322k. It reported 21 employees.