Regional Opportunity Initiatives Inc

Analysis

Regional Opportunity Initiatives Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Regional Opportunity Initiatives Inc reported income of $1.1m and spending of $8.0m, spending 707% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $328k to $1.1m (+246%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 405%. Over the whole period it spent 970% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Regional Opportunity Initiatives Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Thomas Jefferson Community Education Foundation Inc ($1.1m), The Delaware County Intermediate Unit Education Foundation ($1.1m) and Hope Through Health Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $687k. At year end it held assets of $7.3m against liabilities of $5.2m, net assets of $2.1m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.