Economic Opportunity Institute

Analysis

Economic Opportunity Institute is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2000, 26 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 2023, Economic Opportunity Institute reported income of $2.4m and spending of $1.6m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.2m to $2.4m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 152%. 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, Economic Opportunity Institute sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WA. Charities of a similar size with the same main cause include Fulton County Rehabilitation Center Inc ($2.4m), Rockville Economic Development Inc ($2.4m) and Itasca Economic Development Corporation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $505k (31% of expenses). Other salaries and wages came to $607k. At year end it held assets of $11.4m against liabilities of $155k, net assets of $11.2m. It reported 12 employees.