Opal Community Land Trust

Analysis

Opal Community Land Trust is a registered charity in United States, based in Eastsound, WA. It received its IRS tax-exemption ruling in November 1994, 32 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, Opal Community Land Trust reported income of $4.7m and spending of $1.7m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.7m (+76%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opal Community Land Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Episcopal Apartments of the Slate Belt Inc ($4.7m), Koochiching Health Services ($4.7m) and George Marston Whitin Memorial Community Association Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $127k (7.7% of expenses). Other salaries and wages came to $592k. At year end it held assets of $37.3m against liabilities of $7.6m, net assets of $29.7m. It reported 13 employees.