Community Engagement and Opportunity Council

Analysis

Community Engagement and Opportunity Council is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in November 2021, 5 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, Community Engagement and Opportunity Council reported income of $760k and spending of $591k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $365k to $760k (+108%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Engagement and Opportunity Council sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Prosperity Lab ($760k), East Harris County Empowerment Council ($760k) and Ideas in Action Inc ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $678k against liabilities of $0, net assets of $678k.