Advancing Opportunities Inc

Analysis

Advancing Opportunities Inc is a registered charity in United States, based in Willingboro, NJ. It received its IRS tax-exemption ruling in March 1953, 73 years ago. 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, Advancing Opportunities Inc reported income of $10.5m and spending of $9.9m, spending 94% of its income. Across the 5 years on record, from September 2019 to June 2023, income grew from $10.4m to $10.5m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advancing Opportunities Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Interfaith Community Services ($10.5m), Mid-Delta Community Services Inc ($10.5m) and Big Brothers Big Sisters of Orange County and the Inland Empire Inc ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.8% and program service revenue 94% of the total. At year end it held assets of $6.4m against liabilities of $3.5m, net assets of $2.8m.