Advancement Through Opportunity and Knowledge Incorporated

Analysis

Advancement Through Opportunity and Knowledge Incorporated is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 1993, 33 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 December 2023, Advancement Through Opportunity and Knowledge Incorporated reported income of $3.5m and spending of $3.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.5m (+188%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 66%. 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, Advancement Through Opportunity and Knowledge Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include International Pipe Trades Joint Training Committee Inc ($3.5m), Chickasha Opportunity Center Inc ($3.5m) and Management Training & Consulting Corporation ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $101k (3.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.6m against liabilities of $606k, net assets of $2.0m. It reported 111 employees.