Opportunity Village Foundation

Analysis

Opportunity Village Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Opportunity Village Foundation reported income of $19.9m and spending of $11.4m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $19.9m (+117%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 144% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Opportunity Village Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NV. Charities of a similar size with the same main cause include Foundation for the Uptown Reinvestment Corporation ($19.9m), Jewish Community Foundation of Greater Kansas City ($20.0m) and Santa Fe Community Foundation ($19.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $205k (1.8% of expenses). Other salaries and wages came to $3.2m. It paid $17k in professional fundraising fees. At year end it held assets of $92.3m against liabilities of $11.5m, net assets of $80.8m. It reported 64 employees.