Opportunity Center Inc

Analysis

Opportunity Center Inc is a registered charity in United States, based in Ponca City, OK. It received its IRS tax-exemption ruling in August 1971, 55 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 Inc reported income of $3.3m and spending of $3.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.3m (+14%), an average of +3.4% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Opportunity Center Inc 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 90th percentile, and in the 90th percentile within OK. Charities of a similar size with the same main cause include Family Services Center ($3.3m), Southwestern Regional Housing and Community Development Corporation ($3.3m) and Community Therapy Barn ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $603k against liabilities of $174k, net assets of $429k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.