Chautauqua Opportunities Inc

Analysis

Chautauqua Opportunities Inc is a registered charity in United States, based in Dunkirk, NY. It received its IRS tax-exemption ruling in September 1965, 61 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 October 2023, Chautauqua Opportunities Inc reported income of $20.4m and spending of $19.4m, spending 95% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $16.3m to $20.4m (+26%), an average of +5.9% a year. The sharpest change came in the year to October 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chautauqua Opportunities Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Prosperity Now ($20.4m), Vocational Improvement Program Inc ($20.6m) and Toolworks ($20.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $364k (1.9% of expenses). Other salaries and wages came to $8.0m. At year end it held assets of $14.3m against liabilities of $9.5m, net assets of $4.8m. It reported 294 employees.