Opportunities For A Better Tomorrow Inc
Opportunities For A Better Tomorrow Inc shows stable revenue, no reported officer compensation, but a recent significant increase in liabilities.
EIN: 112934620 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $7.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Opportunities For A Better Tomorrow Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opportunities For A Better Tomorrow Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opportunities For A Better Tomorrow Inc
Opportunities For A Better Tomorrow Inc (EIN: 112934620) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $7.0M and total assets of $5.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opportunities For A Better Tomorrow Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opportunities For A Better Tomorrow Inc is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $7.5M |
| Surplus / Deficit | +$471K |
| Total Assets | $5.7M |
| Total Liabilities | $4.2M |
| Net Assets | $1.5M |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 73.4% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, Opportunities For A Better Tomorrow Inc reported a surplus of $471K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 73.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Opportunities For A Better Tomorrow Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | -3.1% | +141.6% |
| 2022 | -6.9% | +2.9% | +9.0% |
| 2021 | +4.5% | -0.9% | -13.8% |
| 2020 | -4.6% | -10.8% | +50.1% |
| 2019 | -5.6% | +3.0% | -40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Opportunities For A Better Tomorrow Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Opportunities For A Better Tomorrow Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $471K, with revenue exceeding expenses.
- Debt-to-asset ratio: 73.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size ($7-8 million in revenue) and suggests a strong dedication to mission over executive pay.
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 Opportunities For A Better Tomorrow Inc's IRS 990 filings:
- Significant increase in liabilities from $1.3M to $4.1M in the latest filing (202306) without clear explanation.
- Consistent 0% officer compensation for an organization with $7-8M in revenue, which is highly unusual and warrants further scrutiny into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Opportunities For A Better Tomorrow Inc:
- Consistent revenue generation, averaging around $7-8 million annually over the past decade.
- Positive net income in the most recent filing (202306), with revenues exceeding expenses by over $450,000.
- Strong asset growth in the latest period, increasing from $2.3M to $5.7M.
- Excellent transparency with 13 consistent IRS 990 filings.
- No reported officer compensation, suggesting a strong commitment to directing funds towards the mission.
Frequently Asked Questions about Opportunities For A Better Tomorrow Inc
Is Opportunities For A Better Tomorrow Inc a legitimate charity?
Opportunities For A Better Tomorrow Inc (EIN: 112934620) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Opportunities For A Better Tomorrow Inc spend its money?
Opportunities For A Better Tomorrow Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Opportunities For A Better Tomorrow Inc tax-deductible?
Opportunities For A Better Tomorrow Inc is registered as a tax-exempt nonprofit (EIN: 112934620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Opportunities For A Better Tomorrow Inc CEO make?
Opportunities For A Better Tomorrow Inc's highest-compensated officer earns $7 annually. The organization reported $7.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Opportunities For A Better Tomorrow Inc's spending goes to programs?
Opportunities For A Better Tomorrow Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Opportunities For A Better Tomorrow Inc located?
Opportunities For A Better Tomorrow Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112934620.
How many years of IRS 990 filings does Opportunities For A Better Tomorrow Inc have?
Opportunities For A Better Tomorrow Inc 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 $7.0M in total revenue.
What caused the significant increase in liabilities from $1,317,705 in 202206 to $4,190,594 in 202306?
The provided data does not specify the nature of this increase. It could be due to new debt, deferred revenue, or other obligations, and would require reviewing the full IRS Form 990 for details.
How does the organization manage to operate with 0% reported officer compensation given its revenue size?
This could imply that executive leadership is compensated through other means not classified as 'officer compensation' on the 990, or that leadership roles are filled by volunteers, or through a related entity. Further investigation into the full 990 would be needed.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer this level of detail. A full IRS Form 990 would contain the functional expense breakdown.
Filing History
IRS 990 filing history for Opportunities For A Better Tomorrow Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opportunities For A Better Tomorrow Inc's revenue has grown by 94%, moving from $4.1M to $8.0M. Total assets increased by 206% over the same period, from $1.9M to $5.7M. Total functional expenses rose by 58.8%, from $4.7M to $7.5M. In its most recent filing year (2023), Opportunities For A Better Tomorrow Inc reported a surplus of $471K, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $5.7M in assets (debt-to-asset ratio: 73.4%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $7.5M | $5.7M | $4.2M | — | — |
| 2022 | $7.3M | $7.8M | $2.4M | $1.3M | — | View 990 |
| 2021 | $7.8M | $7.6M | $2.2M | $707K | — | View 990 |
| 2020 | $7.5M | $7.6M | $2.5M | $1.3M | — | View 990 |
| 2019 | $7.8M | $8.6M | $1.7M | $285K | — | View 990 |
| 2018 | $8.3M | $8.3M | $2.8M | $693K | — | View 990 |
| 2017 | $8.0M | $8.1M | $2.4M | $283K | — | View 990 |
| 2016 | $7.5M | $7.8M | $2.4M | $258K | — | View 990 |
| 2015 | $7.6M | $7.2M | $3.2M | $372K | — | View 990 |
| 2014 | $6.0M | $5.9M | $2.8M | $356K | — | View 990 |
| 2013 | $5.5M | $4.9M | $2.8M | $382K | — | View 990 |
| 2012 | $4.4M | $4.2M | $2.1M | $266K | — | View 990 |
| 2011 | $4.1M | $4.7M | $1.9M | $242K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $7.5M, and assets of $5.7M (revenue +10.0% year-over-year).
- 2022: Revenue of $7.3M, expenses of $7.8M, and assets of $2.4M (revenue -6.9% year-over-year).
- 2021: Revenue of $7.8M, expenses of $7.6M, and assets of $2.2M (revenue +4.5% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.6M, and assets of $2.5M (revenue -4.6% year-over-year).
- 2019: Revenue of $7.8M, expenses of $8.6M, and assets of $1.7M (revenue -5.6% year-over-year).
- 2018: Revenue of $8.3M, expenses of $8.3M, and assets of $2.8M (revenue +3.5% year-over-year).
- 2017: Revenue of $8.0M, expenses of $8.1M, and assets of $2.4M (revenue +6.9% year-over-year).
- 2016: Revenue of $7.5M, expenses of $7.8M, and assets of $2.4M (revenue -1.0% year-over-year).
- 2015: Revenue of $7.6M, expenses of $7.2M, and assets of $3.2M (revenue +26.5% year-over-year).
- 2014: Revenue of $6.0M, expenses of $5.9M, and assets of $2.8M (revenue +8.8% year-over-year).
- 2013: Revenue of $5.5M, expenses of $4.9M, and assets of $2.8M (revenue +24.8% year-over-year).
- 2012: Revenue of $4.4M, expenses of $4.2M, and assets of $2.1M (revenue +6.9% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.7M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opportunities For A Better Tomorrow Inc:
Data Sources and Methodology
This transparency report for Opportunities For A Better Tomorrow Inc 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.