Unusual 'Officer Comp=0%' across all filings, requiring further investigation into executive compensation reporting.
Strengths
Consistent asset growth, from $125 million in 2014 to over $2.6 billion currently, indicating strong financial management.
Significant revenue generation capacity, with latest reported revenue over $2.3 billion.
Positive net asset growth in most years, demonstrating financial sustainability.
Strong program focus implied by the nature of a Community Development Financial Institution (CDFI) and estimated spending breakdown.
Spending Breakdown
How Opportunity Finance Network allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Opportunity Finance Network
Is Opportunity Finance Network a legitimate charity?
Based on AI analysis of IRS 990 filings, Opportunity Finance Network (EIN: 205189202) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Opportunity Finance Network a good charity to donate to?
Opportunity Finance Network has a Mission Score of 85/100. Revenue: $2.3B. Assets: $2.6B. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Opportunity Finance Network?
The Employer Identification Number (EIN) for Opportunity Finance Network is 205189202. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Opportunity Finance Network spend its money?
Opportunity Finance Network allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Opportunity Finance Network's tax-exempt status?
You can verify Opportunity Finance Network's tax-exempt status using EIN 205189202 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Opportunity Finance Network (OFN) demonstrates significant financial growth and a strong asset base, with assets reaching over $2.6 billion and latest reported revenue exceeding $2.3 billion. However, a closer look at the 990 filings reveals a more nuanced picture. While the organization has experienced substantial revenue fluctuations, such as a peak of $76 million in 2022 followed by a drop to $24.9 million in 2023, its assets have consistently grown, indicating effective asset management. The organization's liabilities have also increased in proportion to its assets, which is typical for a lending institution like OFN. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field, which warrants further investigation.