Mid Sioux Opportunity Inc

Analysis

Mid Sioux Opportunity Inc is a registered charity in United States, based in Remsen, IA. It received its IRS tax-exemption ruling in March 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Mid Sioux Opportunity Inc reported income of $14.9m and spending of $14.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.0m to $14.9m (+66%), an average of +14% a year. The sharpest change came in the year to September 2022, when income rose by 79%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mid Sioux Opportunity Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Young Mens Christian Association of East Tennessee Inc ($14.9m), Hippocrates Health Institute Inc ($14.9m) and Arc of New Jersey Inc ($14.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $206k (1.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $5.4m against liabilities of $1.5m, net assets of $4.0m. It reported 150 employees.