The Opportunity Pre-School Co

Analysis

The Opportunity Pre-School Co is a registered charity in United States, based in Hauppauge, NY. It received its IRS tax-exemption ruling in March 1987, 39 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Opportunity Pre-School Co reported income of $3.0m and spending of $3.7m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.4m to $3.0m (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Opportunity Pre-School Co sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Make-A-Wish Foundation of the Hudson Valley Inc ($3.0m), Rising for Justice Inc ($3.0m) and Startout ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $227k (6.1% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $873k against liabilities of $1.8m, net assets of -$964k. It reported 117 employees.

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.