Microfinance Opportunities Inc

Analysis

Microfinance Opportunities Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Microfinance Opportunities Inc reported income of $157k and spending of $302k, spending 193% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $372k to $157k (-58%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Microfinance Opportunities Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Acacia Elementary School Foundation ($157k), Friends of Buncombe Libraries Inc ($157k) and Acec California Scholarship Foundation ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1,000 (0.3% of expenses). Other salaries and wages came to $43k. At year end it held assets of $19k against liabilities of $1,227, net assets of $18k. It reported 2 employees.