Opportunities in Science Inc

Analysis

Opportunities in Science Inc is a registered charity in United States, based in Bemidji, MN. It received its IRS tax-exemption ruling in March 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Opportunities in Science Inc reported income of $681k and spending of $483k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $681k (+100%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunities in Science Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Homestead Inc of Nantucket ($681k), Fish Tales ($681k) and Womens Crisis Services of Leflore County ($681k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $48k (10.0% of expenses). Other salaries and wages came to $245k. At year end it held assets of $794k against liabilities of $152k, net assets of $643k. It reported 20 employees.