Project Opportunity Inc

Analysis

Project Opportunity Inc is a registered charity in United States, based in Bethel, ME. It received its IRS tax-exemption ruling in March 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Opportunity Inc reported income of $61k and spending of $69k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $79k to $61k (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2021, when income rose by 150%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Opportunity Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Intermountain Christian Ministries ($61k), Equal Justice Foundation ($61k) and Demolay Foundation of Colorado Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $1.2m against liabilities of $170, net assets of $1.2m.