Opportunity for Independence

Analysis

Opportunity for Independence is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in April 1996, 30 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 for Independence reported income of $3.2m and spending of $3.1m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.2m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity for Independence sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Eastern Oklahoma Youth Services Inc ($3.2m), Acme Providers Inc ($3.2m) and First Southwest Community Fund ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $2.5m against liabilities of $204k, net assets of $2.3m. It reported 67 employees.