New Opportunity School for Women Inc

Analysis

New Opportunity School for Women Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in June 1998, 28 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, New Opportunity School for Women Inc reported income of $455k and spending of $582k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $370k to $455k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 150%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Opportunity School for Women Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within KY. Charities of a similar size with the same main cause include Tidewater Pastoral Counseling Services Inc ($455k), United Ways of Tennessee ($455k) and Open Door of Delta ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $63k (11% of expenses). Other salaries and wages came to $198k. At year end it held assets of $1.5m against liabilities of $45k, net assets of $1.5m. It reported 7 employees.