Greater Opportunities of the Permian Basin Inc

Analysis

Greater Opportunities of the Permian Basin Inc is a registered charity in United States, based in Odessa, TX. It received its IRS tax-exemption ruling in December 1966, 60 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 August 2023, Greater Opportunities of the Permian Basin Inc reported income of $8.8m and spending of $8.4m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $7.5m to $8.8m (+17%), an average of +4.1% a year. The sharpest change came in the year to August 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Opportunities of the Permian Basin Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Jakara Movement ($8.8m), The Unity Care Group ($8.8m) and Ohio Teaching-Family Association ($8.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 1.1% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $4.2m against liabilities of $360k, net assets of $3.8m. It reported 272 employees.