Opportunity Development Inc

Analysis

Opportunity Development Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Development Inc reported income of $2.0m and spending of $2.2m, spending 106% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.8m to $2.0m (-26%), an average of -9.5% a year. The sharpest change came in the year to June 2023, when income dropped by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity Development Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Child Care Coordinating Council of the North Country ($2.0m), Wexford County Council on Aging ($2.0m) and Foundation for Appropriate and Immediate Temporary Help Faith ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $103k (4.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.2m against liabilities of $11k, net assets of $1.2m. It reported 30 employees.