Economic Opportunity Center Inc

Analysis

Economic Opportunity Center Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Economic Opportunity Center Inc reported income of $328k and spending of $270k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $253k to $328k (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Economic Opportunity Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within SC. Charities of a similar size with the same main cause include Harris Center Foundation ($328k), Pinedale Community Food Basket Inc ($328k) and Help Right Here ($328k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $53k against liabilities of $255k, net assets of -$203k.