Building Opportunities & Opening Minds

Analysis

Building Opportunities & Opening Minds is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 March 2023, Building Opportunities & Opening Minds reported income of $65k and spending of $403k, spending 625% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income fell from $949k to $65k (-93%), an average of -93% a year. The sharpest change came in the year to March 2023, when income dropped by 93%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Building Opportunities & Opening Minds sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include International Order of the Rainbow Girls the Supreme Assembly ($65k), Men of Courage Foundation ($65k) and Head Over Heels Gymnastics Team Association ($64k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $425k against liabilities of $0, net assets of $425k.