Wayne Opportunity Center Inc

Analysis

Wayne Opportunity Center Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in August 1967, 59 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Wayne Opportunity Center Inc reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.5m to $3.2m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wayne Opportunity Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Farming Hope ($3.2m), The Foundation for Research on Equal Opportunity ($3.2m) and Jersey Cape Diagnostic Training and Opportunity Center Inc ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.2% and program service revenue 76% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $2.5m against liabilities of $254k, net assets of $2.2m. It reported 94 employees.