Opportunity Inc

Analysis

Opportunity Inc is a registered charity in United States, based in Ketchikan, AK. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Opportunity Inc reported income of $136k and spending of $283k, spending 209% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $124k to $136k (+9.1%), an average of +2.2% a year. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opportunity Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 40th percentile within AK. Charities of a similar size with the same main cause include Carbondale Senior Housing Corporation Phase V ($136k), Esct Austin Housing IV Inc ($136k) and Perry Hilltop Citizens Council Inc ($136k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $118k. At year end it held assets of $1.8m against liabilities of $2.0m, net assets of -$178k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.