Greater Opportunities for Broome and Chenango Inc

Analysis

Greater Opportunities for Broome and Chenango Inc is a registered charity in United States, based in Norwich, NY. It received its IRS tax-exemption ruling in August 1985, 41 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 December 2023, Greater Opportunities for Broome and Chenango Inc reported income of $18.2m and spending of $13.1m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $18.2m (+186%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Opportunities for Broome and Chenango Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Mission Road Developmental Center ($18.2m), Urban Strategies Inc ($18.2m) and St Vincent de Paul Community Pharmacy of Cincinnati ($18.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $445k (3.4% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $29.7m against liabilities of $3.1m, net assets of $26.7m. It reported 183 employees.