Montgomery County Opportunities Industrialization Center Inc

Analysis

Montgomery County Opportunities Industrialization Center Inc is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in July 1968, 58 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, Montgomery County Opportunities Industrialization Center Inc reported income of $858k and spending of $1.2m, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $392k to $858k (+119%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 60%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Montgomery County Opportunities Industrialization Center 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 77th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include World Changers Student Missions ($858k), Women in Hvacr Inc ($858k) and Jacksonville Chamber Foundation Inc ($858k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $10k (0.8% of expenses). Other salaries and wages came to $702k. At year end it held assets of $916k against liabilities of $171k, net assets of $745k. It reported 36 employees.