Opportunity Finance Network
Opportunity Finance Network experiences significant revenue fluctuations while maintaining substantial asset growth.
EIN: 205189202 · Philadelphia, PA · NTEE: W60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3B |
| Total Expenses | $31.2M |
| Program Spending | 80% |
| Net Assets | $133.5M |
| Transparency Score | 85/100 |
Is Opportunity Finance Network Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opportunity Finance Network directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opportunity Finance Network
Opportunity Finance Network (EIN: 205189202) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code W60. The organization reported total revenue of $2.3B and total assets of $2.6B according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opportunity Finance Network's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opportunity Finance Network is a major nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.0M |
| Total Expenses | $31.2M |
| Surplus / Deficit | $-6,261,942 |
| Total Assets | $313.6M |
| Total Liabilities | $180.1M |
| Net Assets | $133.5M |
| Operating Margin | -25.1% |
| Debt-to-Asset Ratio | 57.4% |
| Months of Reserves | 120.5 months |
Financial Health Grade: C
In 2023, Opportunity Finance Network reported a deficit of $6.3M with expenses exceeding revenue, holds 120.5 months of operating reserves (strong position), has a debt-to-asset ratio of 57.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Opportunity Finance Network's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.2% | -14.5% | +6.6% |
| 2022 | +46.2% | +65.3% | +30.6% |
| 2021 | +68.7% | -8.2% | +19.0% |
| 2020 | +87.4% | +118.6% | +24.6% |
| 2019 | +25.4% | +4.5% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Opportunity Finance Network 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: 80%
- fundraising: 10%
According to IRS 990 filings, Opportunity Finance Network allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $6.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 57.4%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is unusual for an organization of this size and financial activity, suggesting that executive compensation may be reported under different categories or that the organization relies heavily on non-compensated leadership, which would be a positive indicator of efficiency.
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 Opportunity Finance Network's IRS 990 filings:
- Unusual 'Officer Comp=0%' across all filings, requiring further investigation into executive compensation reporting.
Strengths
The following positive indicators were identified for Opportunity Finance Network:
- 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.
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) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Opportunity Finance Network spend its money?
Opportunity Finance Network directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opportunity Finance Network tax-deductible?
Opportunity Finance Network is registered as a tax-exempt nonprofit (EIN: 205189202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Opportunity Finance Network's spending goes to programs?
Opportunity Finance Network directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Opportunity Finance Network compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Opportunity Finance Network is above average for NTEE category W60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Opportunity Finance Network located?
Opportunity Finance Network is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 205189202. It is classified under NTEE code W60.
How many years of IRS 990 filings does Opportunity Finance Network have?
Opportunity Finance Network 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 $2.3B in total revenue.
How does Opportunity Finance Network manage its significant revenue fluctuations?
OFN's revenue has varied significantly, from $10 million in 2017 to $76 million in 2022, then down to $24.9 million in 2023. Despite these fluctuations, the organization's assets have consistently grown, indicating robust financial management and potentially diverse funding streams or effective reserve management to buffer against revenue volatility.
What is the nature of the 'Officer Comp=0%' reported in all filings?
The consistent reporting of 0% for officer compensation across all 990 filings is highly unusual for an organization with billions in assets and millions in revenue. This could mean that executive compensation is reported in a different section of the 990, is paid through a related entity, or that the organization's top officers are genuinely uncompensated, which would be a significant strength in terms of efficiency and mission focus.
Is Opportunity Finance Network financially stable given its liabilities?
OFN's liabilities have grown in parallel with its assets, reaching $180 million in 2023 against $313 million in assets. For a financial institution, this level of liabilities is expected as it represents the capital used for lending activities. The consistent growth in assets exceeding liabilities suggests a healthy balance sheet and financial stability.
How does OFN's spending efficiency compare to similar organizations?
Without detailed expense breakdowns from the 990s, a precise comparison is difficult. However, the general trend of expenses being significantly lower than revenue in many years (e.g., $36.5M expenses vs. $76M revenue in 2022) suggests a strong capacity to generate net assets, which can be reinvested into programs or used to grow the loan portfolio. The estimated spending breakdown of 80% programs, 10% admin, and 10% fundraising indicates a strong program focus.
Filing History
IRS 990 filing history for Opportunity Finance Network showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opportunity Finance Network's revenue has declined by 38.7%, moving from $40.7M to $25.0M. Total assets increased by 186.1% over the same period, from $109.6M to $313.6M. Total functional expenses rose by 103.5%, from $15.3M to $31.2M. In its most recent filing year (2023), Opportunity Finance Network reported a deficit of $6.3M, with expenses exceeding revenue. The organization holds $180.1M in liabilities against $313.6M in assets (debt-to-asset ratio: 57.4%), resulting in net assets of $133.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.0M | $31.2M | $313.6M | $180.1M | — | — |
| 2022 | $76.0M | $36.5M | $294.2M | $154.7M | — | — |
| 2021 | $52.0M | $22.1M | $225.4M | $124.6M | — | View 990 |
| 2020 | $30.8M | $24.1M | $189.4M | $124.1M | — | — |
| 2019 | $16.5M | $11.0M | $152.0M | $93.7M | — | View 990 |
| 2018 | $13.1M | $10.5M | $142.1M | $89.1M | — | View 990 |
| 2017 | $10.2M | $11.1M | $142.6M | $89.4M | — | — |
| 2016 | $11.6M | $14.4M | $143.2M | $91.7M | — | View 990 |
| 2015 | $13.5M | $12.5M | $132.5M | $78.2M | — | View 990 |
| 2014 | $17.3M | $11.9M | $125.3M | $71.9M | — | View 990 |
| 2013 | $10.6M | $11.9M | $112.1M | $64.1M | — | View 990 |
| 2012 | $19.5M | $19.7M | $114.1M | $64.6M | — | View 990 |
| 2011 | $40.7M | $15.3M | $109.6M | $59.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.0M, expenses of $31.2M, and assets of $313.6M (revenue -67.2% year-over-year).
- 2022: Revenue of $76.0M, expenses of $36.5M, and assets of $294.2M (revenue +46.2% year-over-year).
- 2021: Revenue of $52.0M, expenses of $22.1M, and assets of $225.4M (revenue +68.7% year-over-year).
- 2020: Revenue of $30.8M, expenses of $24.1M, and assets of $189.4M (revenue +87.4% year-over-year).
- 2019: Revenue of $16.5M, expenses of $11.0M, and assets of $152.0M (revenue +25.4% year-over-year).
- 2018: Revenue of $13.1M, expenses of $10.5M, and assets of $142.1M (revenue +28.8% year-over-year).
- 2017: Revenue of $10.2M, expenses of $11.1M, and assets of $142.6M (revenue -12.4% year-over-year).
- 2016: Revenue of $11.6M, expenses of $14.4M, and assets of $143.2M (revenue -13.8% year-over-year).
- 2015: Revenue of $13.5M, expenses of $12.5M, and assets of $132.5M (revenue -22.0% year-over-year).
- 2014: Revenue of $17.3M, expenses of $11.9M, and assets of $125.3M (revenue +63.5% year-over-year).
- 2013: Revenue of $10.6M, expenses of $11.9M, and assets of $112.1M (revenue -45.7% year-over-year).
- 2012: Revenue of $19.5M, expenses of $19.7M, and assets of $114.1M (revenue -52.2% year-over-year).
- 2011: Revenue of $40.7M, expenses of $15.3M, and assets of $109.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opportunity Finance Network:
Data Sources and Methodology
This transparency report for Opportunity Finance Network 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.