Opportunities For Broome Inc

Opportunities For Broome Inc. maintains stable finances with growing assets and zero reported officer compensation.

EIN: 160903802 · Binghamton, NY · NTEE: P37Z · Updated: 2026-03-28

$4.4MRevenue

$11.9MAssets

85/100Mission Score (Excellent)

P37Z

About Opportunities For Broome Inc

Opportunities For Broome Inc (EIN: 160903802) is a nonprofit organization based in Binghamton, NY, classified under NTEE code P37Z. The organization reported total revenue of $4.4M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opportunities For Broome Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Opportunities For Broome Inc. demonstrates consistent financial activity, with revenues and expenses generally in the range of $3.5 million to $5.5 million over the past decade. The organization's assets have shown steady growth, increasing from $8.1 million in 2011 to $11.9 million in 2019, indicating financial stability. Liabilities have generally decreased over this period, from $1.6 million in 2011 to $553,989 in 2019, which is a positive indicator of financial health and reduced debt burden. The organization consistently reports 0% officer compensation, which is a significant positive for transparency and ensuring resources are directed towards programs rather than executive salaries.

While specific program spending percentages are not provided in the raw data, the consistent reporting of zero officer compensation suggests a strong commitment to directing funds to its mission. The organization's financial health appears stable, with assets significantly exceeding liabilities. The consistent filing of IRS 990s over nine periods also indicates a commitment to transparency. Further analysis would require a detailed breakdown of expenses into program, administrative, and fundraising categories from the full 990 forms to fully assess spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Opportunities For Broome 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Opportunities For Broome Inc 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.

Executive Compensation Analysis

Opportunities For Broome Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size (latest revenue $4.4 million) and suggests a strong commitment to directing all available funds to its mission.

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.

Strengths

The following positive indicators were identified for Opportunities For Broome Inc:

Zero reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
Consistent growth in assets, from $8.1 million in 2011 to $11.9 million in 2019, demonstrating financial stability.
Decreasing liabilities over time, from $1.6 million in 2011 to $553,989 in 2019, reducing financial risk.
Consistent filing of IRS 990s over nine periods, indicating good transparency practices.

Frequently Asked Questions about Opportunities For Broome Inc

Is Opportunities For Broome Inc. financially stable?

Yes, the organization appears financially stable. Its assets have grown from $8.1 million in 2011 to $11.9 million in 2019, while liabilities have decreased from $1.6 million to $553,989 over the same period, indicating a healthy balance sheet.

How does Opportunities For Broome Inc. manage executive compensation?

Opportunities For Broome Inc. reports 0% officer compensation in all available filings, meaning no salaries are paid to its officers. This is a very strong indicator of fiscal responsibility and dedication to its mission.

What is the trend in the organization's revenue and expenses?

Revenue and expenses have generally fluctuated between $3.5 million and $5.5 million over the past decade, with the latest revenue at $4,401,521 and expenses at $4,531,549 in 2019. The organization generally operates near break-even or with a slight surplus/deficit year-to-year.

Filing History

IRS 990 filing history for Opportunities For Broome Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2019), Opportunities For Broome Inc's revenue has grown by 23.3%, moving from $3.5M to $4.4M. Total assets increased by 45.7% over the same period, from $8.2M to $11.9M. Total functional expenses rose by 44.5%, from $3.1M to $4.5M. In its most recent filing year (2019), Opportunities For Broome Inc reported a deficit of $163K, with expenses exceeding revenue. The organization holds $554K in liabilities against $11.9M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $11.4M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$4.4M	$4.5M	$11.9M	$554K	—	View 990
2018	$4.8M	$4.7M	$12.4M	$815K	—	View 990
2017	$4.9M	$3.8M	$11.9M	$810K	—	View 990
2016	$3.9M	$3.8M	$10.8M	$909K	—	View 990
2015	$3.6M	$3.6M	$10.6M	$958K	—	View 990
2014	$5.6M	$3.4M	$11.1M	$1.4M	—	View 990
2013	$4.0M	$3.3M	$8.9M	$1.2M	—	View 990
2012	$3.6M	$3.3M	$8.3M	$1.5M	—	View 990
2011	$3.5M	$3.1M	$8.2M	$1.6M	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $4.4M, expenses of $4.5M, and assets of $11.9M (revenue -8.4% year-over-year).
2018: Revenue of $4.8M, expenses of $4.7M, and assets of $12.4M (revenue -2.6% year-over-year).
2017: Revenue of $4.9M, expenses of $3.8M, and assets of $11.9M (revenue +24.5% year-over-year).
2016: Revenue of $3.9M, expenses of $3.8M, and assets of $10.8M (revenue +9.2% year-over-year).
2015: Revenue of $3.6M, expenses of $3.6M, and assets of $10.6M (revenue -35.5% year-over-year).
2014: Revenue of $5.6M, expenses of $3.4M, and assets of $11.1M (revenue +40.2% year-over-year).
2013: Revenue of $4.0M, expenses of $3.3M, and assets of $8.9M (revenue +11.0% year-over-year).
2012: Revenue of $3.6M, expenses of $3.3M, and assets of $8.3M (revenue +1.1% year-over-year).
2011: Revenue of $3.5M, expenses of $3.1M, and assets of $8.2M.

Data Sources and Methodology

This transparency report for Opportunities For Broome 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.