Opportunity Resources Inc

Analysis

Opportunity Resources Inc is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in December 1955, 71 years ago. 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 June 2023, Opportunity Resources Inc reported income of $11.2m and spending of $11.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.5m to $11.2m (-2.4%), an average of -0.6% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Opportunity Resources Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within MT. Charities of a similar size with the same main cause include Range Mental Health Center ($11.2m), Freedom House Recovery Center Inc ($11.2m) and SMTS Inc ($11.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $273k (2.5% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $11.5m against liabilities of $1.2m, net assets of $10.3m. It reported 431 employees.