Economic Opportunity Foundation Inc

Analysis

Economic Opportunity Foundation Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in May 1965, 61 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 March 2024, Economic Opportunity Foundation Inc reported income of $650k and spending of $653k, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $527k to $650k (+23%), an average of +5.4% a year. The sharpest change came in the year to March 2021, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Opportunity Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within KS. Charities of a similar size with the same main cause include Core Community Resources Inc ($650k), Women Watch Afrika Inc ($650k) and Childrens Tree House ($650k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $187k. At year end it held assets of $353k against liabilities of $100k, net assets of $253k. It reported 6 employees.