Opportunities for Hope Inc

Analysis

Opportunities for Hope Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in June 1988, 38 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, Opportunities for Hope Inc reported income of $2.0m and spending of $2.3m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.1m to $2.0m (-3.4%), an average of -1.1% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunities for Hope Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Anchor-Age Center Inc ($2.0m), Jep Congregations of Long Island ($2.0m) and Institute for Indo-Pacific Security ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.2m against liabilities of $511k, net assets of $733k. It reported 51 employees.