Central Susquehanna Opportunities Inc

Analysis

Central Susquehanna Opportunities Inc is a registered charity in United States, based in Shamokin, PA. It received its IRS tax-exemption ruling in February 1990, 36 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Central Susquehanna Opportunities Inc reported income of $9.3m and spending of $9.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $9.3m (+136%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 84%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Susquehanna Opportunities Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Advantix Development Corporation ($9.3m), Red Pot Los Derechos de LA Ninez Y Juventud de Puerto Rico Inc ($9.3m) and Greene Lamp Incorporated ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $180k (2.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $1.7m against liabilities of $918k, net assets of $739k. It reported 214 employees.