Opportunity Inc of Palm Beach County

Analysis

Opportunity Inc of Palm Beach County is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in October 1948, 78 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Opportunity Inc of Palm Beach County reported income of $3.4m and spending of $3.2m, spending 94% of its income. Across the 3 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.4m (+47%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Opportunity Inc of Palm Beach County sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Minneapolis Pipefitters Joint Journeymen and Apprentice Training ($3.4m), Maplewood School ($3.4m) and Sharon Academy ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $99k (3.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $13.0m against liabilities of $65k, net assets of $12.9m. It reported 45 employees.