Cg-Opportunities for Underprivileged

Analysis

Cg-Opportunities for Underprivileged is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Cg-Opportunities for Underprivileged reported income of $69k and spending of $109k, spending 157% of what it took in. Across the 4 years on record, from June 2021 to December 2023, income fell from $1.2m to $69k (-94%), an average of -62% a year. The sharpest change came in the year to December 2021, when income dropped by 93%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cg-Opportunities for Underprivileged sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within VA. Charities of a similar size with the same main cause include PTA New York Congress ($69k), Rotary Club of Wellesley Foundation Inc ($69k) and Stamford Spartans Youth Football ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.