Gainesville Opportunity Center Inc

Analysis

Gainesville Opportunity Center Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in August 2007, 19 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 June 2024, Gainesville Opportunity Center Inc reported income of $596k and spending of $611k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $337k to $596k (+77%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gainesville Opportunity Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Help for Abused Partners ($596k), Farmington Ministerial Alliance ($596k) and Bluebonnet Youth Ranch ($596k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $90k (15% of expenses). Other salaries and wages came to $269k. At year end it held assets of $621k against liabilities of $263k, net assets of $357k. It reported 8 employees.