Opportunity Resource Fund
EIN: 382784136 · Lansing, MI · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.0M |
| Net Assets | $9.2M |
Is Opportunity Resource Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Opportunity Resource Fund
Opportunity Resource Fund (EIN: 382784136) is a nonprofit organization based in Lansing, MI, classified under NTEE code P80. The organization reported total revenue of $3.3M and total assets of $30.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opportunity Resource Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opportunity Resource Fund is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $28.0M |
| Total Liabilities | $18.7M |
| Net Assets | $9.2M |
| Operating Margin | 26.0% |
| Debt-to-Asset Ratio | 67.0% |
| Months of Reserves | 113.4 months |
Financial Health Grade: A
In 2023, Opportunity Resource Fund reported a surplus of $1.0M with revenue exceeding expenses, holds 113.4 months of operating reserves (strong position), has a debt-to-asset ratio of 67.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Opportunity Resource Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.4% | +18.4% | +3.8% |
| 2022 | +17.0% | +15.9% | -15.3% |
| 2021 | +214.0% | +4.7% | +35.6% |
| 2020 | -24.9% | +3.9% | +15.2% |
| 2019 | -9.0% | +5.3% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Opportunity Resource Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Opportunity Resource Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.0%.
Frequently Asked Questions about Opportunity Resource Fund
Is Opportunity Resource Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Opportunity Resource Fund (EIN: 382784136) insufficient data. 0 red flags identified, 0 strengths noted.
How does Opportunity Resource Fund spend its money?
Detailed spending breakdown data is not yet available for Opportunity Resource Fund. Check back for updated IRS 990 analysis.
Are donations to Opportunity Resource Fund tax-deductible?
Opportunity Resource Fund is registered as a tax-exempt nonprofit (EIN: 382784136). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Opportunity Resource Fund located?
Opportunity Resource Fund is headquartered in Lansing, Michigan and files with the IRS under EIN 382784136. It is classified under NTEE code P80.
How many years of IRS 990 filings does Opportunity Resource Fund have?
Opportunity Resource Fund 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 $3.3M in total revenue.
Filing History
IRS 990 filing history for Opportunity Resource Fund showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Opportunity Resource Fund's revenue has grown by 36.1%, moving from $2.9M to $4.0M. Total assets increased by 210.1% over the same period, from $9.0M to $28.0M. Total functional expenses rose by 85.8%, from $1.6M to $3.0M. In its most recent filing year (2023), Opportunity Resource Fund reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $18.7M in liabilities against $28.0M in assets (debt-to-asset ratio: 67.0%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $3.0M | $28.0M | $18.7M | — | — |
| 2022 | $5.0M | $2.5M | $26.9M | $18.7M | — | View 990 |
| 2021 | $4.2M | $2.2M | $31.8M | $26.0M | — | View 990 |
| 2020 | $1.4M | $2.1M | $23.5M | $19.8M | — | — |
| 2019 | $1.8M | $2.0M | $20.4M | $16.0M | — | View 990 |
| 2018 | $2.0M | $1.9M | $19.0M | $14.4M | — | View 990 |
| 2017 | $1.0M | $3.5M | $16.6M | $12.1M | — | View 990 |
| 2016 | $5.5M | $1.6M | $19.4M | $12.5M | — | View 990 |
| 2015 | $1.8M | $1.5M | $12.2M | $9.3M | — | View 990 |
| 2014 | $1.3M | $1.6M | $11.1M | $8.4M | — | View 990 |
| 2013 | $2.2M | $1.6M | $11.9M | $9.0M | — | View 990 |
| 2012 | $815K | $1.3M | $10.3M | $8.0M | — | View 990 |
| 2011 | $1.6M | $1.3M | $9.8M | $7.1M | — | View 990 |
| 2010 | $2.9M | $1.6M | $9.0M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $3.0M, and assets of $28.0M (revenue -19.4% year-over-year).
- 2022: Revenue of $5.0M, expenses of $2.5M, and assets of $26.9M (revenue +17.0% year-over-year).
- 2021: Revenue of $4.2M, expenses of $2.2M, and assets of $31.8M (revenue +214.0% year-over-year).
- 2020: Revenue of $1.4M, expenses of $2.1M, and assets of $23.5M (revenue -24.9% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.0M, and assets of $20.4M (revenue -9.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.9M, and assets of $19.0M (revenue +90.5% year-over-year).
- 2017: Revenue of $1.0M, expenses of $3.5M, and assets of $16.6M (revenue -81.2% year-over-year).
- 2016: Revenue of $5.5M, expenses of $1.6M, and assets of $19.4M (revenue +204.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.5M, and assets of $12.2M (revenue +36.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.6M, and assets of $11.1M (revenue -38.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.6M, and assets of $11.9M (revenue +165.0% year-over-year).
- 2012: Revenue of $815K, expenses of $1.3M, and assets of $10.3M (revenue -49.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $9.8M (revenue -44.7% year-over-year).
- 2010: Revenue of $2.9M, expenses of $1.6M, and assets of $9.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opportunity Resource Fund:
Data Sources and Methodology
This transparency report for Opportunity Resource Fund 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.