Opportunity Development Centers Inc

Analysis

Opportunity Development Centers Inc is a registered charity in United States, based in Wisc Rapids, WI. It received its IRS tax-exemption ruling in May 1966, 60 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 December 2023, Opportunity Development Centers Inc reported income of $12.7m and spending of $11.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $12.7m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opportunity Development Centers Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Momentum Work Inc ($12.7m), Genesis LA Economic Growth Corporation ($12.7m) and Propel Education ($12.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $295k (2.6% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $10.9m against liabilities of $1.1m, net assets of $9.8m. It reported 283 employees.