The Opportunity Alliance

Analysis

The Opportunity Alliance is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in November 1965, 61 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, The Opportunity Alliance reported income of $57.6m and spending of $57.1m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $33.2m to $57.6m (+74%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Opportunity Alliance sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Feeding the Gulf Coast ($57.5m), Ucan ($57.6m) and Great Lakes Community Action Partnership ($57.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $386k (0.7% of expenses). Other salaries and wages came to $21.4m. At year end it held assets of $25.6m against liabilities of $14.7m, net assets of $10.9m. It reported 712 employees.