Opportunity Scholarship Fund

Analysis

Opportunity Scholarship Fund is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Opportunity Scholarship Fund reported income of $5.3m and spending of $5.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $5.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Opportunity Scholarship Fund 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 92nd percentile, and in the 94th percentile within OK. Charities of a similar size with the same main cause include Alpha Phi Foundation Inc ($5.3m), Micronutrient Forum ($5.3m) and Foundation for Tulsa Schools ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 9.8% of the total. At year end it held assets of $8.1m against liabilities of $7.4m, net assets of $668k.