Penn-York Opportunities Inc

Analysis

Penn-York Opportunities Inc is a registered charity in United States, based in Athens, PA. It received its IRS tax-exemption ruling in February 1970, 56 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 December 2023, Penn-York Opportunities Inc reported income of $2.7m and spending of $3.2m, spending 117% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.6m to $2.7m (+65%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Penn-York Opportunities Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Girls Incorporated of New Hampshire ($2.7m), Community Impact NC Inc ($2.7m) and North Carolina Association of School Business Officials ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $144k (4.6% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.7m against liabilities of $183k, net assets of $1.5m. It reported 78 employees.