Residential Opportunities Incorporated

Analysis

Residential Opportunities Incorporated is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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 September 2023, Residential Opportunities Incorporated reported income of $465k and spending of $550k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $519k to $465k (-10%), an average of -2.7% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Residential Opportunities Incorporated sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Indian Schools Alumni and Friends Insaf ($465k), Arizona Town Hall ($466k) and Andrews Broadcasting Corporation ($465k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.2% and program service revenue 82% of the total. Other salaries and wages came to $30k. At year end it held assets of $3.7m against liabilities of $3.2m, net assets of $554k.

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.