World of Opportunity

Analysis

World of Opportunity is a registered charity in United States, based in Flower Mound, TX. It received its IRS tax-exemption ruling in March 1992, 34 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, World of Opportunity reported income of $744k and spending of $803k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $818k to $744k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2022, when income rose by 17%. 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, World of Opportunity sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Sheridan Memorial Home Inc ($744k), Fresh Spirit Wellness for Women Inc ($744k) and Nami Mid-Ohio ($744k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (6.0% of expenses). Other salaries and wages came to $128k. At year end it held assets of $15k against liabilities of $0, net assets of $15k. It reported 8 employees.

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.