Economic Opportunity Council of Suffolk Inc

Analysis

Economic Opportunity Council of Suffolk Inc is a registered charity in United States, based in Patchogue, NY. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Economic Opportunity Council of Suffolk Inc reported income of $32.8m and spending of $29.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.5m to $32.8m (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Economic Opportunity Council of Suffolk Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Alliance Member Services Inc ($32.8m), Commonwealth Cornerstone Group ($33.0m) and Easter Seals North Georgia Inc ($32.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $1.4m (4.7% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $15.4m against liabilities of $7.2m, net assets of $8.2m. It reported 669 employees.