Opportunity Place Inc

Analysis

Opportunity Place Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in July 2015, 11 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 (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 2023, Opportunity Place Inc reported income of $439k and spending of $516k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $767k to $439k (-43%), an average of -13% a year. The sharpest change came in the year to June 2021, when income rose by 60%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opportunity Place Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Agricultural and Labor Housing Development Corp ($439k), Isla Housing and Development Corporation ($439k) and St Josephs Villa Foundation ($439k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $58k (11% of expenses). Other salaries and wages came to $187k. At year end it held assets of $682k against liabilities of $4,485, net assets of $677k. It reported 9 employees.