Op Shop Inc

Analysis

Op Shop Inc is a registered charity in United States, based in Fairmont, WV. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Op Shop Inc reported income of $2.9m and spending of $3.0m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $2.9m (+7.4%), an average of +1.8% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Op Shop Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within WV. Charities of a similar size with the same main cause include First Alaskans Institute ($2.9m), Heights Center Inc ($2.9m) and Ohio Womens Alliance ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $90k (3.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $673k against liabilities of $943k, net assets of -$269k. It reported 164 employees.