Opportunities Industrialization Center of New London County Inc

Analysis

Opportunities Industrialization Center of New London County Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in April 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 June 2021, Opportunities Industrialization Center of New London County Inc reported income of $446k and spending of $673k, spending 151% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $555k to $446k (-20%), an average of -10% a year. The sharpest change came in the year to June 2020, when income dropped by 15%. Over the whole period it spent 116% 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 of New London County Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CT. Charities of a similar size with the same main cause include Little League Baseball Inc ($446k), Kimberly-Shirk Assoc ($446k) and Plumsteadville Volunteer Fire Co ($446k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 68% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $62k (9.2% of expenses). Other salaries and wages came to $284k. At year end it held assets of $314k against liabilities of $332k, net assets of -$19k. It reported 12 employees.