Opportunity Homes Incorporated

Analysis

Opportunity Homes Incorporated is a registered charity in United States, based in Decorah, IA. It received its IRS tax-exemption ruling in December 1980, 46 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 June 2024, Opportunity Homes Incorporated reported income of $3.2m and spending of $3.3m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.1m to $3.2m (+5.6%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity Homes Incorporated sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include Casa de LA Familia ($3.2m), Clintonville-Beechwold Community Resources Center ($3.2m) and Northwest Buffalo Community Dev ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $1.1m against liabilities of $219k, net assets of $841k. It reported 65 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.