Tioga Opportunities Inc

Analysis

Tioga Opportunities Inc is a registered charity in United States, based in Owego, NY. It received its IRS tax-exemption ruling in December 1965, 61 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Tioga Opportunities Inc reported income of $6.4m and spending of $6.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $6.4m (+15%), an average of +3.5% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tioga Opportunities Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($6.4m), Gifford Retirement Community Inc ($6.4m) and West Harlem Group Assistance Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. Compensation of current officers, directors and key employees was $189k (2.9% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $6.1m against liabilities of $3.4m, net assets of $2.7m. It reported 83 employees.