Faith Homes of Cleveland Opportunity Center Inc

Analysis

Faith Homes of Cleveland Opportunity Center Inc is a registered charity in United States, based in Cleveland, OK. It received its IRS tax-exemption ruling in September 1999, 27 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 2023, Faith Homes of Cleveland Opportunity Center Inc reported income of $114k and spending of $138k, spending 121% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $98k to $114k (+16%), an average of +5.1% a year. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Homes of Cleveland Opportunity Center 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 40th percentile, and in the 41st percentile within OK. Charities of a similar size with the same main cause include Moms 4 Housing Inc ($114k), Staying Connected ($114k) and Ravens Care Inc ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $8,800. At year end it held assets of $177k against liabilities of $882k, net assets of -$705k.

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.