Opportunities Inc

Analysis

Opportunities Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in September 1968, 58 years ago. 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 June 2023, Opportunities Inc reported income of $4.2m and spending of $3.6m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $4.2m (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 54%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunities Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MD. Charities of a similar size with the same main cause include Millwood School ($4.2m), Stand Up Placer Inc ($4.2m) and Organization of Chinese Americans Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $124k (3.4% of expenses). Other salaries and wages came to $2.0m. It paid $55k in professional fundraising fees. At year end it held assets of $14.3m against liabilities of $2.7m, net assets of $11.6m. It reported 80 employees.