Overview
What is Opportunity International Inc?
Opportunity International Inc, also known as Opportunity International-Us, is a tax-exempt, publicly supported faith-based corporation headquartered in Chicago, Illinois. They provide financial solutions, support, and training to empower people living in poverty in developing countries to build sustainable income, educate their children, and escape generational poverty. Their initiatives are funded through charitable donations and earned income from banking operations. Opportunity International partners with local financial institutions to deploy funds and financial services to clients, releasing over $2.7 billion in FY2022 to help 18.7 million individuals, primarily women, build and improve small businesses and local schools. Additionally, their EduFinance and AgFinance programs reached over 10.1 million children and 150,000 households, respectively. With a workforce of 78 employees, their mission is to transform lives, futures, and communities by empowering individuals to break free from poverty.
Official website here: www.opportunity.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94% (Four-Star out of Four Stars)
Opportunity International Inc has achieved a high rating of 94% from Charity Navigator, reflecting strong accountability and financial health. This score indicates that the organization efficiently utilizes its resources, with an impressive program expense ratio of over 89%, ensuring that the majority of funds directly support its mission. With a fully independent board and robust financial oversight, the organization demonstrates a commitment to transparency and good governance.
User reviews highlight the organization's innovative approach to microfinance, which allows it to effectively provide financial services and training to clients in developing countries. Donors appreciate the organization's dedication to not just lending money but also empowering individuals through necessary support and education. Many reviewers commend Opportunity International for its business-like efficiency coupled with a compassionate mission, which they feel significantly impacts the communities it serves.
While the overall feedback is overwhelmingly positive, it's important to note that some individuals may seek more information regarding the long-term sustainability of the programs. However, the consistent praise for the organization's impact and transparency suggests a strong foundation for ongoing success in its efforts to alleviate poverty.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Opportunity International Inc legitimate?
Opportunity International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity International Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $926,952
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,674,925
For more financial information, click here
Official website here: www.opportunity.org
What is the mission statement of Opportunity International Inc?
Opportunity International Inc, also known as Opportunity, is a tax-exempt, publicly supported faith-based corporation committed to empowering individuals living in poverty in developing countries. Through financial solutions, support, and training, the organization enables these people to build sustainable incomes, educate their children, and escape generational poverty. Opportunity's programs are financed through charitable donations and earned income from its banking operations. The corporation focuses on deploying local funds and financial services, provided by partner banks and other financial institutions, to its clients. In FY2022, Opportunity and its partner organizations served 18.7 million loan clients, primarily women, and reached over 10.1 million children through education finance programs and over 150,000 households through agriculture finance. Microbanking catalyzed $2.6 billion in loans, creating over 1.8 million jobs through those loans.
Official website here: www.opportunity.org
Who is the CEO of Opportunity International Inc?
Atul Tandon is the Ceo of Opportunity International Inc. The CEO's salary of Opportunity International Inc is $109,040 and their total compensation is $131,186.
Official website here: www.opportunity.org
What is the revenue of Opportunity International Inc?
Opportunity International Inc's revenue in 2022 was $48,533,715.
Official website here: www.opportunity.org
Who are the executives of Opportunity International Inc and what are their salaries?
The average compensation at Opportunity International Inc during 2022 was $135,922. There are 78 employees and 80 volunteers at Opportunity International Inc.
Here are 21 key members and their salaries (Opportunity International Inc's CEO's salary is $109,040 and their total compensation is $131,186):
- Compensation: $523,755
- Related: $0
- Other: $27,983
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- Compensation: $234,128
- Related: $0
- Other: $23,393
- Compensation: $177,483
- Related: $0
- Other: $30,149
- Compensation: $109,040
- Related: $0
- Other: $22,146
- Compensation: $395,781
- Related: $0
- Other: $35,541
- Compensation: $256,396
- Related: $0
- Other: $28,064
- Compensation: $228,843
- Related: $0
- Other: $27,741
- Compensation: $250,196
- Related: $0
- Other: $31,371
- Compensation: $321,677
- Related: $0
- Other: $25,930
- Compensation: $215,253
- Related: $0
- Other: $32,554
Official website here: www.opportunity.org
Where can I find the form 990 for Opportunity International Inc?
Opportunity International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opportunity.org
Learn more at the official website: www.opportunity.org
Mission Statement of Opportunity International Inc
Opportunity International Inc, also known as Opportunity International-Us, is a tax-exempt, publicly supported faith-based corporation dedicated to making a difference in the lives of people living in poverty around the world. Through its financial solutions, support, and training, Opportunity empowers individuals to build sustainable income sources, educate their children, and break free from generational poverty.
By financing its programs through charitable donations, earned income from its banking operations, and deploying local funds and financial services provided by partner banks and other financial institutions, Opportunity International-Us transforms lives, improves children's futures, and revitalizes communities. In the fiscal year 2022, this organization and its partners served a remarkable 18.7 million clients, with 97% being women.
The transformative work of Opportunity International-Us extends to education. Through its EduFinance programs, over 10.1 million children have been reached in 8,400 schools. This commitment to education not only benefits children but also their families, contributing significantly to the communities they live in. Moreover, through its AgFinance programs, over 150,000 households have been served, helping smallholder farmers improve their livelihoods and food security.
The microbanking initiatives of Opportunity International-Us have catalyzed an impressive $2.6 billion in loans and generated over 1.8 million jobs. This impactful work continues to strengthen local economies and create opportunities for sustainable development. By providing access to financial services and empowering individuals to take control of their financial futures, Opportunity International-Us is making a lasting difference in the lives of millions.
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Impact
October, 2024
Opportunity International Inc significantly impacts the lives of individuals and communities living in poverty by providing essential financial solutions, support, and training. By empowering people, particularly women—who make up 97% of its clientele—the organization enables them to build sustainable incomes, educate their children, and escape generational poverty.
In FY2022, Opportunity International and its network of 105 partner financial institutions released over $2.7 billion, reaching 18.7 million low-income clients worldwide. This extensive outreach supports small businesses and local education systems, fostering economic resilience and promoting community development. Their EduFinance programs have reached over 10.1 million children attending 8,400 schools, while AgFinance initiatives have assisted over 150,000 smallholder farmers.
The microbanking efforts catalyzed through Opportunity International have generated over 1.8 million jobs, demonstrating a direct correlation between access to financial services and economic empowerment. By concentrating on local funds and financial services, the organization nurtures sustainable growth, allowing families to transform their lives and enhance future prospects for the next generation. Overall, Opportunity International Inc plays a critical role in breaking the cycle of poverty and transforming communities through financial inclusion and targeted support.
This information is meant to be a general summary of Opportunity International Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $184,434
- Program Service Revenue: $18,649,693
- Gross Receipts: $48,691,629
Assets and Liabilities:
- Total Assets: $73,246,788
- Total Liabilities: $38,595,607
- Net Assets: $34,651,181
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICROFINANCE REVENUE
Revenue
$15,248,258
GOVERNMENT CONTRACTS
Revenue
$3,140,305
PROGRAM SERVICE REVENUE
Revenue
$261,130
Organization Details
Founding Year
1971
Phone
(312) 487-5000Principal Officer
Atul Tandon
Main Address
101 N WACKER DR SUITE 1150, CHICAGO, IL, 60606
Website
www.opportunity.orgNTEE Category
Code: Q320 - International
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