Accion Opportunity Fund Community Development

Analysis

Accion Opportunity Fund Community Development is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, 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, Accion Opportunity Fund Community Development reported income of $50.5m and spending of $51.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.9m to $50.5m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 48%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Accion Opportunity Fund Community Development sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Friendship Community Care Inc ($49.8m), People Incorporated ($50.6m) and Goodwill Industries of Central Oklahoma Inc ($49.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $2.5m (4.8% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $228.8m against liabilities of $156.0m, net assets of $72.8m. It reported 182 employees.