Trico Opportunities Inc

Analysis

Trico Opportunities Inc is a registered charity in United States, based in Kingsford, MI. It received its IRS tax-exemption ruling in July 1969, 57 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 September 2023, Trico Opportunities Inc reported income of $1.2m and spending of $856k, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.6m to $1.2m (-23%), an average of -6.2% a year. The sharpest change came in the year to September 2023, when income rose by 510%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trico Opportunities Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Bike Share Pittsburgh Inc ($1.2m), Jacques Pepin Foundation ($1.2m) and 501cpa ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 59% of the total. Other salaries and wages came to $521k. At year end it held assets of $3.3m against liabilities of $165k, net assets of $3.1m. It reported 66 employees.