The Regional Opportunity Center

Analysis

The Regional Opportunity Center is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, The Regional Opportunity Center reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.3m (+22%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Regional Opportunity Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Research and Development Council of New Jersey Inc ($1.3m), Strand Theater Initiative ($1.3m) and McLean Project for the Arts Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $173k (15% of expenses). Other salaries and wages came to $543k. At year end it held assets of $1.2m against liabilities of $46k, net assets of $1.2m. It reported 15 employees.