Accion Opportunity Fund Inc

Analysis

Accion Opportunity Fund Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2014, 12 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Accion Opportunity Fund Inc reported income of $196k and spending of $2.0m, spending 1010% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $3.7m to $196k (-95%), an average of -52% a year. The sharpest change came in the year to June 2021, when income rose by 171%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Accion Opportunity Fund Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include State College Association of University Women Inc ($196k), Printing Industry of the Carolinas Foundation ($196k) and Friends of Riverside Park Inc ($196k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 5.1% of the total. At year end it held assets of $5.7m against liabilities of $807k, net assets of $4.9m.