Economic Opportunity Program Inc Of Chemung County
Economic Opportunity Program Inc Of Chemung County consistently operates with a surplus and reports no officer compensation.
EIN: 160906941 · Elmira, NY · NTEE: P200 · Updated: 2026-03-28
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Economic Opportunity Program Inc Of Chemung County is mapped to EIN 160906941.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $7.7M |
| Program Spending | 90% |
| Net Assets | $925K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Economic Opportunity Program Inc Of Chemung County Form 990, Revenue, CEO Pay, and IRS Filing Signals
Economic Opportunity Program Inc Of Chemung County is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Economic Opportunity Program Inc Of Chemung County in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $7.8M and expenses of $7.7M.
Revenue and Expenses
Economic Opportunity Program Inc Of Chemung County reported $7.8M in revenue and $7.7M in expenses, a surplus of $134K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Economic Opportunity Program Inc Of Chemung County Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
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Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $6.9M (90%) |
Across stored filings, Economic Opportunity Program Inc Of Chemung County shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Human Services context |
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Economic Opportunity Program Inc Of Chemung County directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Economic Opportunity Program Inc Of Chemung County
Economic Opportunity Program Inc Of Chemung County (EIN: 160906941) is a nonprofit organization based in Elmira, NY, classified under NTEE code P200. The organization reported total revenue of $7.7M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Economic Opportunity Program Inc Of Chemung County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Economic Opportunity Program Inc Of Chemung County is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.8M |
| Total Expenses | $7.7M |
| Surplus / Deficit | +$134K |
| Total Assets | $2.6M |
| Total Liabilities | $1.7M |
| Net Assets | $925K |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 65.0% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, Economic Opportunity Program Inc Of Chemung County reported a surplus of $134K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 65.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Economic Opportunity Program Inc Of Chemung County's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.2% | +10.6% | -11.7% |
| 2022 | +21.5% | +16.2% | +12.6% |
| 2021 | -6.2% | -8.2% | -2.6% |
| 2020 | +7.7% | +9.5% | +9.7% |
| 2019 | +11.2% | +8.2% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Economic Opportunity Program Inc Of Chemung County with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Economic Opportunity Program Inc Of Chemung County allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $134K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly unusual and positive financial practice, suggesting that all leadership roles may be voluntary or compensated through other means not classified as officer compensation, allowing more funds to be directed to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Economic Opportunity Program Inc Of Chemung County's IRS 990 filings:
- Lack of detailed program vs. administrative vs. fundraising expense breakdown in provided summary data (though 0% officer comp is a strong positive indicator)
Strengths
The following positive indicators were identified for Economic Opportunity Program Inc Of Chemung County:
- Consistent operational surpluses (e.g., $7,830,726 revenue vs. $7,696,757 expenses in 202306)
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus
- Stable and growing revenue trend over the past five years
- Consistent IRS 990 filing history (13 filings), demonstrating transparency
- Healthy asset base relative to liabilities, indicating financial stability
Frequently Asked Questions about Economic Opportunity Program Inc Of Chemung County
Is Economic Opportunity Program Inc Of Chemung County a legitimate charity?
Economic Opportunity Program Inc Of Chemung County (EIN: 160906941) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Economic Opportunity Program Inc Of Chemung County spend its money?
Economic Opportunity Program Inc Of Chemung County directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Economic Opportunity Program Inc Of Chemung County tax-deductible?
Economic Opportunity Program Inc Of Chemung County is registered as a tax-exempt nonprofit (EIN: 160906941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Economic Opportunity Program Inc Of Chemung County's spending goes to programs?
Economic Opportunity Program Inc Of Chemung County directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Economic Opportunity Program Inc Of Chemung County compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Economic Opportunity Program Inc Of Chemung County is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Economic Opportunity Program Inc Of Chemung County located?
Economic Opportunity Program Inc Of Chemung County is headquartered in Elmira, New York and files with the IRS under EIN 160906941. It is classified under NTEE code P200.
How many years of IRS 990 filings does Economic Opportunity Program Inc Of Chemung County have?
Economic Opportunity Program Inc Of Chemung County has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.7M in total revenue.
Is Economic Opportunity Program Inc Of Chemung County a good charity?
Based on the provided financial data, the organization appears to be a very good charity. It consistently operates with a surplus, manages its assets and liabilities effectively, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How has the organization's revenue trended over the past few years?
The organization's revenue has shown a positive growth trend, increasing from $5,452,785 in 201806 to $7,830,726 in 202306, indicating expanding operations or increased funding.
What is the significance of 0% officer compensation?
Reporting 0% officer compensation is highly significant as it means no funds are allocated from the organization's budget for the salaries of its top executives. This practice is rare and suggests a strong dedication to maximizing program spending and minimizing administrative overhead.
Are the organization's assets growing?
The organization's assets have generally grown over the long term, from $2,189,179 in 201806 to $2,641,512 in 202306, with a peak of $2,992,625 in 202206, indicating financial stability and capacity.
How does their expense management compare to their revenue?
For most recent periods, the organization's expenses have been consistently lower than its revenue, such as $7,696,757 in expenses against $7,830,726 in revenue for 202306, demonstrating effective expense control and operational surpluses.
Filing History
IRS 990 filing history for Economic Opportunity Program Inc Of Chemung County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Economic Opportunity Program Inc Of Chemung County's revenue has grown by 14.5%, moving from $6.8M to $7.8M. Total assets decreased by 32.4% over the same period, from $3.9M to $2.6M. Total functional expenses rose by 7.9%, from $7.1M to $7.7M. In its most recent filing year (2023), Economic Opportunity Program Inc Of Chemung County reported a surplus of $134K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $2.6M in assets (debt-to-asset ratio: 65.0%), resulting in net assets of $925K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.8M | $7.7M | $2.6M | $1.7M | — | View 990 |
| 2022 | $7.4M | $7.0M | $3.0M | $2.2M | — | View 990 |
| 2021 | $6.1M | $6.0M | $2.7M | $2.4M | — | View 990 |
| 2020 | $6.5M | $6.5M | $2.7M | $2.6M | — | View 990 |
| 2019 | $6.1M | $6.0M | $2.5M | $2.3M | — | View 990 |
| 2018 | $5.5M | $5.5M | $2.2M | $2.1M | — | View 990 |
| 2017 | $5.5M | $5.4M | $2.4M | $2.3M | — | View 990 |
| 2016 | $5.5M | $5.6M | $2.5M | $2.4M | — | View 990 |
| 2015 | $5.6M | $5.8M | $2.7M | $2.6M | — | View 990 |
| 2014 | $5.5M | $5.6M | $2.9M | $2.7M | — | View 990 |
| 2013 | $5.7M | $5.7M | $3.2M | $2.8M | — | View 990 |
| 2012 | $6.3M | $6.3M | $3.6M | $3.2M | — | View 990 |
| 2011 | $6.8M | $7.1M | $3.9M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.8M, expenses of $7.7M, and assets of $2.6M (revenue +5.2% year-over-year).
- 2022: Revenue of $7.4M, expenses of $7.0M, and assets of $3.0M (revenue +21.5% year-over-year).
- 2021: Revenue of $6.1M, expenses of $6.0M, and assets of $2.7M (revenue -6.2% year-over-year).
- 2020: Revenue of $6.5M, expenses of $6.5M, and assets of $2.7M (revenue +7.7% year-over-year).
- 2019: Revenue of $6.1M, expenses of $6.0M, and assets of $2.5M (revenue +11.2% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.5M, and assets of $2.2M (revenue -0.1% year-over-year).
- 2017: Revenue of $5.5M, expenses of $5.4M, and assets of $2.4M (revenue -1.4% year-over-year).
- 2016: Revenue of $5.5M, expenses of $5.6M, and assets of $2.5M (revenue -1.3% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.8M, and assets of $2.7M (revenue +2.4% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.6M, and assets of $2.9M (revenue -4.0% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.7M, and assets of $3.2M (revenue -10.0% year-over-year).
- 2012: Revenue of $6.3M, expenses of $6.3M, and assets of $3.6M (revenue -7.5% year-over-year).
- 2011: Revenue of $6.8M, expenses of $7.1M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Economic Opportunity Program Inc Of Chemung County:
Data Sources and Methodology
This transparency report for Economic Opportunity Program Inc Of Chemung County is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.