Opportunity Alabama Inc

Analysis

Opportunity Alabama Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in May 2019, 7 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 (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 Alabama Inc reported income of $2.4m and spending of $1.4m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $2.4m (+652%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 127%. Over the whole period it spent 72% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Opportunity Alabama Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within AL. Charities of a similar size with the same main cause include Clarkstown Middlewood Housing Development Fund Company Inc ($2.4m), Aspen Education Foundation ($2.4m) and Community Lift Corp ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $587k. At year end it held assets of $2.3m against liabilities of $878k, net assets of $1.4m.