Opportunity Scholars

Analysis

Opportunity Scholars is a registered charity in United States, based in Winchester, VA. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Opportunity Scholars reported income of $481k and spending of $670k, spending 139% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $308k to $481k (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 65% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Opportunity Scholars sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Angel Street Inc ($481k), Ar Kids Read ($482k) and Swingpals Inc ($481k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.1% of the total. Other salaries and wages came to $314k. At year end it held assets of $939k against liabilities of $313k, net assets of $626k. It reported 12 employees.