Opportunity House Inc

Analysis

Opportunity House Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in January 1997, 29 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, Opportunity House Inc reported income of $329k and spending of $454k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $329k (+15%), an average of +3.6% a year. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity House Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NM. Charities of a similar size with the same main cause include Court-Appointed Special Advocate Guardian Ad Litem of Miami County ($329k), Independent Living Center of North Central Ohio Inc ($329k) and New York City Parents of Lesbians and Gay Men Inc ($329k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.9% of the total. Other salaries and wages came to $240k. At year end it held assets of $1.2m against liabilities of $7,120, net assets of $1.2m.

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.