Opportunity Center of Owensboro Inc

Analysis

Opportunity Center of Owensboro Inc is a registered charity in United States, based in Owensboro, KY. It received its IRS tax-exemption ruling in July 1960, 66 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 December 2023, Opportunity Center of Owensboro Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $985k to $1.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity Center of Owensboro Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include New Family Traditions ($1.2m), Jackson County Senior Citizens Organization Inc ($1.2m) and Services for Older Citizens Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 65% of the total. Other salaries and wages came to $681k. At year end it held assets of $2.3m against liabilities of $41k, net assets of $2.3m. It reported 82 employees.