Opportunity Plan Inc

Analysis

Opportunity Plan Inc is a registered charity in United States, based in Canyon, TX. It received its IRS tax-exemption ruling in July 1961, 65 years ago. 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 July 2023, Opportunity Plan Inc reported income of $2.9m and spending of $2.0m, leaving 32% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.8m to $2.9m (+60%), an average of +12% a year. The sharpest change came in the year to July 2023, when income rose by 76%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunity Plan Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Chicago Roofers Apprentice Fund ($2.9m), Country Village Day School Inc ($2.9m) and Target Eight Advisory Council ($2.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 40% and program service revenue 1.7% of the total. Other salaries and wages came to $301k. At year end it held assets of $31.2m against liabilities of $3,487, net assets of $31.2m. It reported 5 employees.