Key Opportunities Inc

Analysis

Key Opportunities Inc is a registered charity in United States, based in Hillsdale, MI. It received its IRS tax-exemption ruling in February 1977, 49 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Key Opportunities Inc reported income of $2.5m and spending of $1.9m, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.5m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Key Opportunities Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Villa Hope Incorporated ($2.5m), Southside Virginia Emergency Crew Incorporated ($2.5m) and Madison Symphony Orchestra Foundation Inc ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 13% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $108k (5.6% of expenses). Other salaries and wages came to $903k. At year end it held assets of $14.8m against liabilities of $77k, net assets of $14.8m. It reported 158 employees.