Watauga Opportunities Inc

Analysis

Watauga Opportunities Inc is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in December 1974, 52 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, Watauga Opportunities Inc reported income of $6.8m and spending of $5.8m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.6m to $6.8m (+90%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Watauga Opportunities Inc sits at the 94th 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 95th percentile within NC. Charities of a similar size with the same main cause include Oasis Center Inc ($6.8m), Hire360 ($6.8m) and TVW Inc ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $519k (8.9% of expenses). At year end it held assets of $9.0m against liabilities of $1.3m, net assets of $7.6m. It reported 160 employees.