Opportunities Industrialization Center of America Inc

Analysis

Opportunities Industrialization Center of America Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Opportunities Industrialization Center of America Inc reported income of $13.6m and spending of $9.3m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $13.6m (+102%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunities Industrialization Center of America Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Veterans of Foreign Wars of Ohio Charities ($13.6m), Family Centered Services of Alaska ($13.6m) and Uplands Village ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $497k (5.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.9m against liabilities of $3.2m, net assets of $4.7m. It reported 41 employees.