Economic Opportunity Agency of Washington County Inc

Analysis

Economic Opportunity Agency of Washington County Inc is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in August 1966, 60 years ago. 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 October 2023, Economic Opportunity Agency of Washington County Inc reported income of $10.2m and spending of $10.1m, spending 99% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $6.2m to $10.2m (+65%), an average of +13% a year. The sharpest change came in the year to October 2020, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Economic Opportunity Agency of Washington County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within AR. Charities of a similar size with the same main cause include Our House Inc ($10.2m), Tri-Cities Residential Services ($10.2m) and North Jersey Friendship House Inc ($10.2m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $5.2m against liabilities of $885k, net assets of $4.4m. It reported 242 employees.