Citizens Opportunity for Development & Equality Inc

Analysis

Citizens Opportunity for Development & Equality Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in April 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Citizens Opportunity for Development & Equality Inc reported income of $859k and spending of $576k, leaving 33% of income unspent that year. Across the 6 years on record, from March 2018 to March 2023, income fell from $876k to $859k (-1.9%), an average of -0.4% a year. The sharpest change came in the year to March 2021, when income rose by 32%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Citizens Opportunity for Development & Equality Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Knox New Hope Industries Inc ($859k), Mount Olive Development Corporation ($860k) and Neighborhood Preservation Inc ($859k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $87k (15% of expenses). Other salaries and wages came to $141k. At year end it held assets of $1.9m against liabilities of $1.0m, net assets of $870k. It reported 15 employees.