Florida Opportunity Fund Inc

Analysis

Florida Opportunity Fund Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2022, Florida Opportunity Fund Inc reported income of $3.3m and spending of $723k, leaving 78% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income fell from $7.3m to $3.3m (-54%), an average of -23% a year. The sharpest change came in the year to June 2021, when income rose by 85%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Opportunity Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Alternatives for Community and Enviroment Inc ($3.3m), Lehigh Valley Economic Development Corporation ($3.3m) and Lokahi Pacific ($3.3m).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 5.9% of the total. At year end it held assets of $103.0m against liabilities of $1.1m, net assets of $101.9m.