Residential Opportunities Inc

Analysis

Residential Opportunities Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in January 1990, 36 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, Residential Opportunities Inc reported income of $118k and spending of $141k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $109k to $118k (+8.4%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 123% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Opportunities Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MD. Charities of a similar size with the same main cause include Long Island Toy Lending Center for Children with Disabilities Inc ($118k), Ferguson Youth Initiative ($118k) and Quilts for Kids ($118k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $367k against liabilities of $1.5m, net assets of -$1.1m.

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.