Opportunity Enterprises Inc

Analysis

Opportunity Enterprises Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in July 1971, 55 years ago. Its declared purposes cover employment, 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, Opportunity Enterprises Inc reported income of $26.6m and spending of $22.8m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.9m to $26.6m (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opportunity Enterprises Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Avance Inc ($26.3m), Los Angeles Conservation Corps ($26.6m) and Los Angeles Cleantech Incubator ($26.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $322k (1.4% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $22.8m against liabilities of $4.6m, net assets of $18.1m. It reported 490 employees.