Opportunity Inc

Analysis

Opportunity Inc is a registered charity in United States, based in Laurinburg, NC. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Opportunity Inc reported income of $485k and spending of $589k, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $418k to $485k (+16%), an average of +5.1% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Opportunity Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Lakeshore Foundation Inc ($484k), Ahepa 29 Phase II Inc ($485k) and Douglas Memorial Community Church Village Inc ($484k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $9.5m against liabilities of $1.5m, net assets of $8.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.