Clifton Adult Opportunity Center

Analysis

Clifton Adult Opportunity Center is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Clifton Adult Opportunity Center reported income of $4.3m and spending of $3.6m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clifton Adult Opportunity Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include South Central Region 8 Workforce Board Inc ($4.3m), Hyde Street Community Services Inc ($4.3m) and The Resource Inc for Community and Economic Development ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $149k (4.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.4m against liabilities of $38k, net assets of $7.3m. It reported 75 employees.