Opportunities Industrialization Center Inc

Analysis

Opportunities Industrialization Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1964, 62 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opportunities Industrialization Center Inc reported income of $2.1m and spending of $2.6m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.9m to $2.1m (-46%), an average of -14% a year. The sharpest change came in the year to June 2022, when income dropped by 41%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunities Industrialization Center 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 PA. Charities of a similar size with the same main cause include Fulton Family YMCA ($2.1m), Worksafe Inc ($2.1m) and Monroe County Public Library ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $928k, net assets of $1.2m. It reported 46 employees.