Opportunity Center Inc

Analysis

Opportunity Center Inc is a registered charity in United States, based in Fair Lawn, NJ. It received its IRS tax-exemption ruling in March 1968, 58 years ago. 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 December 2023, Opportunity Center Inc reported income of $657k and spending of $618k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $657k (+7.5%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunity Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Building Lives Foundation Inc ($657k), Town of Bolton Development Corp ($657k) and Fox Valley Symphony Orchestra Association Inc ($656k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 91% of the total. Other salaries and wages came to $365k. At year end it held assets of $1.5m against liabilities of $8,195, net assets of $1.5m. It reported 11 employees.