Opportunity Charter School

Analysis

Opportunity Charter School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opportunity Charter School reported income of $12.5m and spending of $11.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.3m to $12.5m (+2.3%), an average of +0.6% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Opportunity Charter School sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Family Enrichment Network Inc ($12.5m), Healthworks Kha Foundation Inc ($12.5m) and Maria L Varisco-Rogers Charter School ($12.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $280k (2.5% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $7.1m against liabilities of $1.4m, net assets of $5.7m. It reported 100 employees.