Opportunity Networks Inc
Opportunity Networks Inc: Consistent Revenue, High Program Spending, but Declining Assets
EIN: 222478687 · Amherst, NH · NTEE: T20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $3.0M |
| Program Spending | 88% |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Opportunity Networks Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opportunity Networks Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opportunity Networks Inc
Opportunity Networks Inc (EIN: 222478687) is a nonprofit organization based in Amherst, NH, classified under NTEE code T20. The organization reported total revenue of $3.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opportunity Networks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opportunity Networks Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-248,075 |
| Total Assets | $2.2M |
| Total Liabilities | $464K |
| Net Assets | $1.7M |
| Operating Margin | -8.9% |
| Debt-to-Asset Ratio | 21.5% |
| Months of Reserves | 8.5 months |
Financial Health Grade: B
In 2023, Opportunity Networks Inc reported a deficit of $248K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 21.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Opportunity Networks Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.3% | -8.3% | -12.4% |
| 2022 | -24.3% | -4.6% | -11.6% |
| 2021 | +4.8% | +1.7% | +27.5% |
| 2020 | +13.4% | +5.4% | +36.9% |
| 2019 | +8.8% | +1.0% | +37.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Networks 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: 88%
- fundraising: 5%
According to IRS 990 filings, Opportunity Networks Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $248K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific compensation figures for key employees are not provided in the given data.
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 Networks Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $2,792,676 in 2021 to $2,162,124 in 2023, warranting further investigation.
- Expenses have exceeded revenue in multiple years (e.g., 2023, 2022), leading to net losses and contributing to asset decline.
Strengths
The following positive indicators were identified for Opportunity Networks Inc:
- Consistently high percentage of spending on programs (e.g., 88% in 2023 based on available data) demonstrates a strong commitment to its mission.
- Stable revenue generation over several years, indicating consistent donor support or service income.
- Low reported lobbying expenses (0%) suggests resources are not diverted to political activities.
Frequently Asked Questions about Opportunity Networks Inc
Is Opportunity Networks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opportunity Networks Inc (EIN: 222478687) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Opportunity Networks Inc spend its money?
Opportunity Networks Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opportunity Networks Inc tax-deductible?
Opportunity Networks Inc is registered as a tax-exempt nonprofit (EIN: 222478687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Opportunity Networks Inc's spending goes to programs?
Opportunity Networks Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Opportunity Networks Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Opportunity Networks Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Opportunity Networks Inc located?
Opportunity Networks Inc is headquartered in Amherst, New Hampshire and files with the IRS under EIN 222478687. It is classified under NTEE code T20.
How many years of IRS 990 filings does Opportunity Networks Inc have?
Opportunity Networks 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 $3.0M in total revenue.
What does Opportunity Networks Inc do?
Opportunity Networks Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Amherst, New Hampshire. It is classified under NTEE code T20.
How much revenue does Opportunity Networks Inc have?
Opportunity Networks Inc reported total revenue of $2,978,348. Based on 13 IRS 990 filings on record.
What are Opportunity Networks Inc's total assets?
Opportunity Networks Inc holds total assets of $2,262,631 as reported in IRS 990 filings.
Where is Opportunity Networks Inc located?
Opportunity Networks Inc is based in Amherst, New Hampshire.
What is Opportunity Networks Inc's EIN?
Opportunity Networks Inc's Employer Identification Number (EIN) is 222478687. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Opportunity Networks Inc?
Opportunity Networks Inc is classified under NTEE code T20 (Philanthropy, Voluntarism & Grantmaking).
Is Opportunity Networks Inc a registered 501(c)(3)?
Yes, Opportunity Networks Inc is recognized as a tax-exempt organization by the IRS. EIN: 222478687.
Does Opportunity Networks Inc file IRS Form 990?
Yes, Opportunity Networks Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Opportunity Networks Inc's revenue in 2023?
In the 202306 filing period, Opportunity Networks Inc reported total revenue of $2,798,752, total expenses of $3,046,827, and net assets of $2,162,124.
Is Opportunity Networks Inc's revenue growing or declining?
Opportunity Networks Inc's revenue is declining. Revenue went from $3,085,878 (202206) to $2,798,752 (202306), a -9.3% change. Based on 13 filings on record.
What is Opportunity Networks Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Opportunity Networks Inc covers tax period 202306. It shows revenue of $2,798,752, expenses of $3,046,827, total assets of $2,162,124, and liabilities of $464,095.
How much does Opportunity Networks Inc spend on programs vs administration?
Based on IRS 990 analysis, Opportunity Networks Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Opportunity Networks Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Opportunity Networks Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Opportunity Networks Inc?
The following concerns were identified: Total assets have shown a consistent decline from $2,792,676 in 2021 to $2,162,124 in 2023, warranting further investigation.. Expenses have exceeded revenue in multiple years (e.g., 2023, 2022), leading to net losses and contributing to asset decline.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Opportunity Networks Inc's strengths?
Positive indicators for Opportunity Networks Inc include: Consistently high percentage of spending on programs (e.g., 88% in 2023 based on available data) demonstrates a strong commitment to its mission.. Stable revenue generation over several years, indicating consistent donor support or service income.. Low reported lobbying expenses (0%) suggests resources are not diverted to political activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Opportunity Networks Inc compensate executives?
Executive compensation cannot be assessed as specific compensation figures for key employees are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Opportunity Networks Inc?
• The organization consistently reports 0% lobbying expenses across all available filings. • Program service expenses consistently represent a high percentage of total expenses, indicating a strong focus on mission delivery. • Detailed breakdowns of administrative and fundraising costs are not readily available in the provided data, making a deeper analysis of these categories challenging. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors are contributing to the consistent decline in total assets, from $2,792,676 in 2021 to $2,162,124 in 2023, despite relatively stable revenue?
The decline in assets appears to be primarily driven by expenses exceeding revenue in recent years, such as in 2023 where expenses were $3,046,827 against revenues of $2,798,752, and in 2022 where expenses were $3,323,747 against revenues of $3,085,878. This consistent deficit spending would deplete reserves and reduce overall assets.
Given the high program spending, how does Opportunity Networks Inc manage to maintain its administrative and fundraising costs at such low percentages?
Based on the provided data, the spending breakdown (p=88%, a=7%, f=5%) suggests highly efficient operations for administrative and fundraising functions. This could be due to volunteer support, shared services, or a lean operational structure. However, without more granular expense details, it's difficult to pinpoint the exact mechanisms.
Filing History
IRS 990 filing history for Opportunity Networks Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Opportunity Networks Inc's revenue has grown by 142.7%, moving from $1.2M to $2.8M. Total assets increased by 512.1% over the same period, from $353K to $2.2M. Total functional expenses rose by 163.1%, from $1.2M to $3.0M. In its most recent filing year (2023), Opportunity Networks Inc reported a deficit of $248K, with expenses exceeding revenue. The organization holds $464K in liabilities against $2.2M in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.0M | $2.2M | $464K | — | — |
| 2022 | $3.1M | $3.3M | $2.5M | $522K | — | View 990 |
| 2021 | $4.1M | $3.5M | $2.8M | $433K | — | View 990 |
| 2020 | $3.9M | $3.4M | $2.2M | $598K | — | View 990 |
| 2019 | $3.4M | $3.2M | $1.6M | $471K | — | View 990 |
| 2018 | $3.1M | $3.2M | $1.2M | $217K | — | View 990 |
| 2017 | $2.9M | $2.9M | $1.2M | $217K | — | View 990 |
| 2016 | $2.6M | $2.6M | $1.3M | $223K | — | View 990 |
| 2015 | $2.0M | $1.9M | $1.3M | $236K | — | View 990 |
| 2014 | $2.1M | $1.5M | $1.2M | $236K | — | View 990 |
| 2013 | $1.2M | $1.2M | $441K | $85K | — | View 990 |
| 2012 | $1.1M | $1.1M | $397K | $44K | — | View 990 |
| 2011 | $1.2M | $1.2M | $353K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.0M, and assets of $2.2M (revenue -9.3% year-over-year).
- 2022: Revenue of $3.1M, expenses of $3.3M, and assets of $2.5M (revenue -24.3% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.5M, and assets of $2.8M (revenue +4.8% year-over-year).
- 2020: Revenue of $3.9M, expenses of $3.4M, and assets of $2.2M (revenue +13.4% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.2M, and assets of $1.6M (revenue +8.8% year-over-year).
- 2018: Revenue of $3.1M, expenses of $3.2M, and assets of $1.2M (revenue +9.9% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.9M, and assets of $1.2M (revenue +10.2% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $1.3M (revenue +29.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.9M, and assets of $1.3M (revenue -5.3% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.5M, and assets of $1.2M (revenue +71.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $441K (revenue +9.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $397K (revenue -2.0% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $353K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opportunity Networks Inc:
Data Sources and Methodology
This transparency report for Opportunity Networks 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.