Opportunity at Work Inc

Analysis

Opportunity at Work Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Opportunity at Work Inc reported income of $28.4m and spending of $21.4m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $28.4m (+360%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 190%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opportunity at Work Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Impact Community Action ($28.4m), Minnesota Valley Action Council Inc ($28.4m) and The Onestar Foundation ($28.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $3.8m (18% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $25.1m against liabilities of $1.7m, net assets of $23.4m. It reported 113 employees.