Opportunities Industrialization Center Inc

Analysis

Opportunities Industrialization Center Inc is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in March 1971, 55 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 Industrialization Center Inc reported income of $30.5m and spending of $30.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $30.5m (+153%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunities Industrialization Center Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Young Womens Christian Association of Metropolitan St Louis Missouri ($30.4m), The William B Wiener Jr Foundation ($30.5m) and Westminster Theological Seminary ($30.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $2.4m (8.0% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $15.2m against liabilities of $9.3m, net assets of $5.9m. It reported 300 employees.