Opportunities For Otsego Inc
Opportunities For Otsego Inc consistently operates near break-even with no reported officer compensation.
EIN: 166066346 · Oneonta, NY · NTEE: P200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.5M |
| Total Expenses | $9.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9,476,959 |
| Net Assets | $1.4M |
| Transparency Score | 92/100 |
Is Opportunities For Otsego 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 Otsego Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opportunities For Otsego Inc
Opportunities For Otsego Inc (EIN: 166066346) is a nonprofit organization based in Oneonta, NY, classified under NTEE code P200. The organization reported total revenue of $9.5M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opportunities For Otsego Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opportunities For Otsego Inc is a mid-size nonprofit that has been operating for 60 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.9M |
| Total Expenses | $9.1M |
| Surplus / Deficit | $-220,272 |
| Total Assets | $3.0M |
| Total Liabilities | $1.6M |
| Net Assets | $1.4M |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 52.2% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2024, Opportunities For Otsego Inc reported a deficit of $220K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 52.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Opportunities For Otsego Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.7% | +5.2% | +10.6% |
| 2023 | +2.7% | +3.2% | -12.5% |
| 2022 | +7.1% | +5.6% | -7.8% |
| 2021 | -12.7% | -9.0% | +16.1% |
| 2020 | +13.3% | +12.0% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1966 |
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 Otsego Inc 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Opportunities For Otsego Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $220K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size (latest revenue $9,476,959) and suggests either a volunteer leadership model or that compensation is reported under other expense categories, warranting further investigation for full transparency.
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 Otsego Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
The following positive indicators were identified for Opportunities For Otsego Inc:
- Consistent operational scale and financial stability over a decade.
- Strong indication of funds being directly deployed into programs, with expenses closely matching revenue.
- No reported officer compensation, suggesting a high commitment to directing resources to the mission.
- Responsible management of assets and liabilities, maintaining a stable financial position.
Frequently Asked Questions about Opportunities For Otsego Inc
Is Opportunities For Otsego Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opportunities For Otsego Inc (EIN: 166066346) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Opportunities For Otsego Inc spend its money?
Opportunities For Otsego Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opportunities For Otsego Inc tax-deductible?
Opportunities For Otsego Inc is registered as a tax-exempt nonprofit (EIN: 166066346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Opportunities For Otsego Inc CEO make?
Opportunities For Otsego Inc's highest-compensated officer earns $9,476,959 annually. The organization reported $9.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Opportunities For Otsego Inc's spending goes to programs?
Opportunities For Otsego Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Opportunities For Otsego Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Opportunities For Otsego Inc 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 Opportunities For Otsego Inc located?
Opportunities For Otsego Inc is headquartered in Oneonta, New York and files with the IRS under EIN 166066346. It is classified under NTEE code P200.
How many years of IRS 990 filings does Opportunities For Otsego Inc have?
Opportunities For Otsego Inc has 14 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 $9.5M in total revenue.
How does Opportunities For Otsego Inc manage to report 0% officer compensation given its operational scale?
The consistent reporting of 0% officer compensation across all filings for an organization with revenues nearing $9 million is highly unusual. This could indicate that executive roles are filled by volunteers, or that compensation for key management is categorized differently within the financial statements, such as under program or administrative expenses, rather than explicitly as officer compensation. Further detail from the full 990 forms would be needed to clarify this.
What is the primary reason for the consistent slight operational deficits observed in recent years?
The consistent slight operational deficits (e.g., $8,872,480 revenue vs. $9,092,752 expenses in 202403) suggest that the organization is spending nearly all its incoming funds on its mission and operations. This could be due to a strategic decision to maximize program delivery, or it could reflect tight budgeting and reliance on grants or specific funding cycles that may not perfectly align with expense recognition.
How does the organization's asset base of approximately $2.5-$3.3 million support its nearly $9 million annual operations?
The asset base, while substantial, is not exceptionally large relative to the annual operating budget. This indicates that Opportunities For Otsego Inc likely operates with a strong cash flow model, where funds are received and quickly deployed for programs and operations, rather than relying heavily on a large endowment or significant accumulated reserves. This is typical for service-delivery focused nonprofits.
Filing History
IRS 990 filing history for Opportunities For Otsego Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Opportunities For Otsego Inc's revenue has grown by 4.2%, moving from $8.5M to $8.9M. Total assets decreased by 25.1% over the same period, from $4.0M to $3.0M. Total functional expenses rose by 6.7%, from $8.5M to $9.1M. In its most recent filing year (2024), Opportunities For Otsego Inc reported a deficit of $220K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $3.0M in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8.9M | $9.1M | $3.0M | $1.6M | — | View 990 |
| 2023 | $8.6M | $8.6M | $2.7M | $1.1M | — | View 990 |
| 2022 | $8.3M | $8.4M | $3.1M | $1.3M | — | View 990 |
| 2021 | $7.8M | $7.9M | $3.3M | $1.5M | — | — |
| 2020 | $8.9M | $8.7M | $2.9M | $1.0M | — | View 990 |
| 2019 | $7.9M | $7.8M | $2.8M | $1.0M | — | View 990 |
| 2018 | $7.4M | $7.5M | $2.5M | $882K | — | — |
| 2017 | $7.8M | $7.8M | $2.6M | $934K | — | View 990 |
| 2016 | $7.7M | $7.7M | $2.6M | $876K | — | View 990 |
| 2015 | $7.4M | $7.6M | $2.9M | $1.1M | — | View 990 |
| 2014 | $7.3M | $7.4M | $3.2M | $1.3M | — | View 990 |
| 2013 | $7.9M | $8.0M | $3.4M | $1.4M | — | View 990 |
| 2012 | $8.6M | $8.7M | $3.5M | $1.5M | — | View 990 |
| 2011 | $8.5M | $8.5M | $4.0M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.9M, expenses of $9.1M, and assets of $3.0M (revenue +3.7% year-over-year).
- 2023: Revenue of $8.6M, expenses of $8.6M, and assets of $2.7M (revenue +2.7% year-over-year).
- 2022: Revenue of $8.3M, expenses of $8.4M, and assets of $3.1M (revenue +7.1% year-over-year).
- 2021: Revenue of $7.8M, expenses of $7.9M, and assets of $3.3M (revenue -12.7% year-over-year).
- 2020: Revenue of $8.9M, expenses of $8.7M, and assets of $2.9M (revenue +13.3% year-over-year).
- 2019: Revenue of $7.9M, expenses of $7.8M, and assets of $2.8M (revenue +5.5% year-over-year).
- 2018: Revenue of $7.4M, expenses of $7.5M, and assets of $2.5M (revenue -4.0% year-over-year).
- 2017: Revenue of $7.8M, expenses of $7.8M, and assets of $2.6M (revenue +1.3% year-over-year).
- 2016: Revenue of $7.7M, expenses of $7.7M, and assets of $2.6M (revenue +3.6% year-over-year).
- 2015: Revenue of $7.4M, expenses of $7.6M, and assets of $2.9M (revenue +1.0% year-over-year).
- 2014: Revenue of $7.3M, expenses of $7.4M, and assets of $3.2M (revenue -7.7% year-over-year).
- 2013: Revenue of $7.9M, expenses of $8.0M, and assets of $3.4M (revenue -7.7% year-over-year).
- 2012: Revenue of $8.6M, expenses of $8.7M, and assets of $3.5M (revenue +0.9% year-over-year).
- 2011: Revenue of $8.5M, expenses of $8.5M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opportunities For Otsego Inc:
Data Sources and Methodology
This transparency report for Opportunities For Otsego 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.