Grand Rapids Opportunities for Women

Analysis

Grand Rapids Opportunities for Women is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in December 1990, 36 years ago. 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 December 2023, Grand Rapids Opportunities for Women reported income of $1.1m and spending of $876k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $942k to $1.1m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Rapids Opportunities for Women sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Chicanos Por LA Causa Permanent Fund Trust Agreement ($1.1m), Alabama Special Olympics Inc ($1.1m) and New England Trade Adjustment Assistance Center Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.1% of the total. Compensation of current officers, directors and key employees was $111k (13% of expenses). Other salaries and wages came to $495k. At year end it held assets of $2.7m against liabilities of $744k, net assets of $1.9m. It reported 11 employees.