Opportunity Networks Inc

Analysis

Opportunity Networks Inc is a registered charity in United States, based in Amherst, NH. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Opportunity Networks Inc reported income of $2.8m and spending of $3.0m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.4m to $2.8m (-18%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Opportunity Networks Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NH. Charities of a similar size with the same main cause include Emergency Feeding Program of Seattle & King County ($2.8m), Kipp Lynn Fund Inc ($2.8m) and Sobrato Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $152k (5.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.2m against liabilities of $464k, net assets of $1.7m. It reported 115 employees.