Mexican American Opportunity Foundation

Analysis

Mexican American Opportunity Foundation is a registered charity in United States, based in Montebello, CA. It received its IRS tax-exemption ruling in December 1963, 63 years ago. Its declared purposes cover employment, 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, Mexican American Opportunity Foundation reported income of $141.2m and spending of $142.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $99.0m to $141.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mexican American Opportunity Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Social Vocational Services Inc ($133.4m), Wayne-Metropolitan Community Action Agency ($143.3m) and Goodwill Industries of Kentucky Inc ($127.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1.1m (0.7% of expenses). Other salaries and wages came to $41.4m. At year end it held assets of $62.6m against liabilities of $45.4m, net assets of $17.2m. It reported 829 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.