Popportunity Inc

Analysis

Popportunity Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in February 2024, 2 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 June 2024, Popportunity Inc reported income of $63k and spending of $56k, spending 89% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $24k to $63k (+160%), an average of +160% a year. The sharpest change came in the year to June 2024, when income rose by 160%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Popportunity Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Famicare Inc ($63k), Hearts & Hammers ($63k) and Junior League of Toledo Inc ($63k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.