Columbia Opportunities Inc

Analysis

Columbia Opportunities Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in December 1983, 43 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 October 2023, Columbia Opportunities Inc reported income of $2.5m and spending of $2.6m, spending 101% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.5m to $2.5m (+1.3%), an average of +0.3% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Columbia Opportunities Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Ames Community Pre School Center ($2.5m), Life a Center for Independent Living ($2.5m) and Keren Simchas Chosson Ve Kallah Inc ($2.5m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $122k (4.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $850k, net assets of $247k. It reported 52 employees.