Pinellas Opportunity Council Inc

Analysis

Pinellas Opportunity Council Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Pinellas Opportunity Council Inc reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.0m to $1.9m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to September 2021, when income rose by 147%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pinellas Opportunity Council Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Arizona Womens Business Enterprise Council ($1.9m), Rochester Downtown Development Corporation ($1.9m) and The Collective Blueprint ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $98k (5.1% of expenses). Other salaries and wages came to $776k. At year end it held assets of $532k against liabilities of $289k, net assets of $243k. It reported 23 employees.