Opportunity Communities LLC

Analysis

Opportunity Communities LLC is a registered charity in United States, based in Chelsea, MA. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Opportunity Communities LLC reported income of $4.9m and spending of $5.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $4.9m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opportunity Communities LLC sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Civic Center Community Benefit District Inc ($4.9m), Plumbers & Pipefitters Local 502 Joint Education & Training Fund ($4.9m) and Preparatory Rehabilitation for Individual Development & Employmen ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $500k (10% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $1.0m against liabilities of $915k, net assets of $99k. It reported 34 employees.