Opportunity Center Incorporated

Analysis

Opportunity Center Incorporated is a registered charity in United States, based in Oakton, VA. It received its IRS tax-exemption ruling in February 1959, 67 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opportunity Center Incorporated reported income of $9.6m and spending of $9.2m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $8.6m to $9.6m (+13%), an average of +4.0% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunity Center Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include The Spring of Tampa Bay Inc ($9.6m), The Gregory School ($9.6m) and Bioversity International USA Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.6% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $399k (4.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $7.5m against liabilities of $8.0m, net assets of -$448k. It reported 255 employees.