Opportunities for a Better Tomorrow Inc

Analysis

Opportunities for a Better Tomorrow Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1990, 36 years ago. 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, Opportunities for a Better Tomorrow Inc reported income of $8.0m and spending of $7.5m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.5m to $8.0m (+7.0%), an average of +2.3% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunities for a Better Tomorrow Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Ohio Suicide Prevention Foundation ($8.0m), Community Memorial Hospital Inc ($8.0m) and Liferoots Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $441k (5.8% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $5.7m against liabilities of $4.2m, net assets of $1.5m. It reported 105 employees.