Opportunities For A Better Tomorrow Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs
Opportunities For A Better Tomorrow Inc is a 501(c)(3) organization based in Brooklyn, New York, registered in 1990, with $7,001,200 in FY2023 revenue. CharityIndex grades it B.
882 3rd Ave Suite 10-10ne Unit 18, Brooklyn, NY, 11232 EIN 11-2934620 Since 1990
Revenue (FY2023)
$7.0M
▼ 12.6% vs prior year
Expenses (FY2023)
$6.8M
Net assets
$1.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Opportunities For A Better Tomorrow Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Opportunities For A Better Tomorrow Inc: 3 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Opportunities For A Better Tomorrow Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Opportunities For A Better Tomorrow Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $6.0M (FY2013) to $7.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $3.7MNet assets $1.7M
Operating margin
3.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$5.5M
Total liabilities
$3.7M
Net assets
$1.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $7,001,200▼12.6% | $6,779,432▼10.0% | $1,739,176▲14.6% | $5,483,605▼3.9% | 990 |
| 2022 | $8,006,580▲10.0% | $7,536,069▼3.1% | $1,517,408▲45.2% | $5,708,002▲142% | 990 |
| 2021 | $7,280,955▼6.9% | $7,781,072▲2.9% | $1,045,108▼28.5% | $2,362,813▲9.0% | 990 |
| 2020 | $7,819,105▲4.5% | $7,562,702▼0.9% | $1,461,577▲17.9% | $2,168,451▼13.8% | 990 |
| 2019 | $7,480,344▼4.6% | $7,631,893▼10.8% | $1,239,285▼10.9% | $2,516,218▲50.1% | 990 |
| 2018 | $7,836,948▼5.6% | $8,557,954▲3.0% | $1,390,834▼34.1% | $1,676,032▼40.2% | 990 |
| 2017 | $8,300,859▲3.5% | $8,308,791▲3.0% | $2,111,840▼0.4% | $2,804,340▲16.7% | 990 |
| 2016 | $8,017,375▲6.9% | $8,068,302▲3.1% | $2,119,772▼2.3% | $2,402,812▼1.1% | 990 |
| 2015 | $7,497,659▼1.0% | $7,828,073▲9.5% | $2,170,699▼24.1% | $2,428,658▼24.9% | 990 |
| 2014 | $7,575,458▲26.5% | $7,150,421▲20.6% | $2,860,071▲17.5% | $3,232,278▲15.8% | 990 |
| 2013 | $5,988,533 | $5,929,388▲20.4% | $2,435,034▲2.5% | $2,790,834▲1.2% | 990 |
| 2012 | — | $4,924,022▲16.1% | $2,375,889▲32.5% | $2,758,085▲33.9% | 990 |
| 2011 | — | $4,241,736▼12.5% | $1,793,398▼20.1% | $2,059,854▼17.6% | 990 |
| 2009 | — | $4,845,000 | $2,243,296 | $2,500,214 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $7.3M total
32 grants to Opportunities For A Better Tomorrow Inc totaling $7.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Robin Hood Foundation | Poverty relief | 2024 | $462,500 |
| The New York Community Trust | For program support. | 2024 | $150,000 |
| Hispanic Federation Inc | Latino digital | 2024 | $75,000 |
| Silicon Valley Community Foundation | Workforce development | 2024 | $50,000 |
| Network For Good Inc | Unrestricted | 2024 | $6,497 |
| Robin Hood Foundation | Poverty relief | 2023 | $462,500 |
| Silicon Valley Community Foundation | Workforce development | 2023 | $50,000 |
| Research Foundation of the City University of New York | Research | 2023 | $27,519 |
| Network For Good Inc | Unrestricted | 2023 | $12,289 |
| Hispanic Federation Inc | Ny digital inclusion innovation grant | 2023 | $11,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $10,500 |
| Robin Hood Foundation | Poverty relief | 2022 | $550,000 |
| Silicon Valley Community Foundation | Workforce development | 2022 | $50,000 |
| The Blackbaud Giving Fund | General support | 2022 | $15,900 |
| Network For Good Inc | Unrestricted | 2022 | $12,693 |
Frequently asked questions
- Is Opportunities For A Better Tomorrow Inc a legitimate nonprofit?
- Yes. Opportunities For A Better Tomorrow Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-2934620, based in Brooklyn, New York. Donations are tax-deductible.
- What is Opportunities For A Better Tomorrow Inc's EIN?
- Opportunities For A Better Tomorrow Inc's Employer Identification Number (EIN) is 11-2934620.
- How much revenue does Opportunities For A Better Tomorrow Inc report?
- Opportunities For A Better Tomorrow Inc reported $7,001,200 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Opportunities For A Better Tomorrow Inc have?
- CharityIndex grades Opportunities For A Better Tomorrow Inc B, based on financial health (reserves and operating margin).
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Data for Opportunities For A Better Tomorrow Inc (EIN 11-2934620) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.