Rock County Opportunities Inc

Analysis

Rock County Opportunities Inc is a registered charity in United States, based in Luverne, MN. It received its IRS tax-exemption ruling in March 1968, 58 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, Rock County Opportunities Inc reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $817k to $1.1m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rock County Opportunities Inc 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 79th percentile within MN. Charities of a similar size with the same main cause include South Peoria Neighborhod ($1.1m), Panhandle Area Development District ($1.1m) and Wharton Economic Development Corp ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.5% and program service revenue 92% of the total. Other salaries and wages came to $681k. At year end it held assets of $1.8m against liabilities of $62k, net assets of $1.7m. It reported 67 employees.