Opportunity Project Inc

Analysis

Opportunity Project Inc is a registered charity in United States, based in Oceanport, NJ. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Opportunity Project Inc reported income of $1.0m and spending of $1.4m, spending 137% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $722k to $1.0m (+40%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 138% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity Project Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Hawaii State Coalition Against Domestic Violence ($1.0m), The Ed Ladder ($1.0m) and Trpil ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 50% of the total. At year end it held assets of $2.1m against liabilities of $1.7m, net assets of $357k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.