Greater Bridgeport Opportunities Industrialization Center Inc

Analysis

Greater Bridgeport Opportunities Industrialization Center Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Greater Bridgeport Opportunities Industrialization Center Inc reported income of $371k and spending of $359k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $170k to $371k (+118%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greater Bridgeport Opportunities Industrialization Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within CT. Charities of a similar size with the same main cause include Davie County Economic Development Commission Inc ($371k), Small and Emerging Contractors Advisory Forum ($371k) and Warehouse Business Accelerator ($371k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $91k. At year end it held assets of $150k against liabilities of $11k, net assets of $139k. It reported 3 employees.