Home of Opportunity and Dreams Incorporated

Analysis

Home of Opportunity and Dreams Incorporated is a registered charity in United States, based in Somerset, KY. It received its IRS tax-exemption ruling in September 2017, 9 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 December 2023, Home of Opportunity and Dreams Incorporated reported income of $235k and spending of $233k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $338k to $235k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home of Opportunity and Dreams Incorporated sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within KY. Charities of a similar size with the same main cause include The International Youth Alliance for Family Planning ($235k), Clinton Community Christian Corporation ($235k) and The Northeastern Area Social Service Center of York County Inc ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% of the total. Other salaries and wages came to $600. At year end it held assets of $88k against liabilities of $27k, net assets of $61k.