Outback Resource Opportunities Inc

Analysis

Outback Resource Opportunities Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Outback Resource Opportunities Inc reported income of $240k and spending of $244k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $183k to $240k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Outback Resource Opportunities Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within OK. Charities of a similar size with the same main cause include Velocity Entreprenurial Drive ($240k), Monarch Beach Sunrise Rotary Foundation ($240k) and St Petes Endowment Fund Inc ($240k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $103k. At year end it held assets of $47k against liabilities of $44k, net assets of $3,310. It reported 105 employees.