Lincoln County Opportunity Company

Analysis

Lincoln County Opportunity Company is a registered charity in United States, based in Hamlin, WV. It received its IRS tax-exemption ruling in February 1967, 59 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 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 September 2023, Lincoln County Opportunity Company reported income of $7.3m and spending of $6.1m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.4m to $7.3m (+67%), an average of +14% a year. The sharpest change came in the year to September 2023, when income rose by 46%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lincoln County Opportunity Company sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within WV. Charities of a similar size with the same main cause include Black Hills Area Community Foundation ($7.3m), Community Foundation for the Ohio Valley Inc ($7.4m) and Armstrong County Community Foundation ($7.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $248k (4.0% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $14.2m against liabilities of $661k, net assets of $13.6m. It reported 261 employees.