Community Opportunity Fund

Analysis

Community Opportunity Fund is a registered charity in United States, based in Cold Spring, NY. It received its IRS tax-exemption ruling in January 2017, 9 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 December 2023, Community Opportunity Fund reported income of $4.2m and spending of $591k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.4m to $4.2m (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 268%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Opportunity Fund sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include The Caleb Group Inc ($4.2m), Sunset Park Redevelopment Committee Inc ($4.2m) and Vernon Woods Retirement Community H CSR ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $16k. At year end it held assets of $17.1m against liabilities of $3,437, net assets of $17.1m.