Opportunity International meets the 20 Standards for Charity Accountability.
Opportunity International is a microfinance organization that provides small business loans, banking, insurance and training to people in developing countries. The organization reports that clients in 22 countries use these financial services to start or expand a business, provide for their families, create jobs for their communities and build a safety net for the future. In 2018, Opportunity International reports that it served 6.6. million loan clients and reached over 2 million children in 6,300 schools.
For the year ended December 31, 2018, Opportunity International's program expenses were:
Banking expenses |
$21,081,799 |
Development of member organizations |
$18,674,095 |
Grants for member organizations for operations and client loans |
$2,885,424 |
Total Program Expenses: |
$42,641,318 |
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Chief Executive
Atul Tandon, Chief Executive Officer
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Compensation*
$392,804
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Chair of the Board
LeAnn Pope
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Chair's Profession / Business Affiliation
Former Partner, Burke, Warren, MacKay, & Serritella, P.C.
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Board Size
13
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Paid Staff Size
106
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Telephone appeals, Radio
Fundraising costs were 15% of related contributions. (Related contributions, which totaled $25,560,573, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Opportunity International's audited financial statements - consolidated for the year ended December 31, 2018.
Source of Funds |
Loan interest income |
$25,902,197 |
Private contributions |
$17,542,948 |
Government grants |
$8,017,625 |
Other |
$2,981,848 |
Other fees and income |
$686,904 |
Loss on investments |
($1,299,361) |
Total Income |
$53,832,161 |
- Programs: 88%
- Fundraising: 8%
- Administrative: 4%
Total Income |
$53,832,161 |
Program expenses |
$42,641,318 |
Fundraising expenses |
$3,719,175 |
Administrative expenses |
$2,254,629 |
Other expenses |
$0 |
Total expenses: |
$48,615,122 |
Income in Excess of Expenses |
$5,217,039 |
Beginning Net Assets |
$41,758,982 |
Other Changes In Net Assets |
$-2,562,217 |
Ending Net Assets |
$44,413,804 |
Total Liabilities |
$227,824,229 |
Total Assets |
$272,238,033 |
Note 1: According to the organization's audited financial statements - consolidated - for the year ended December 31, 2018, Operation International received in-kind contributions of $600,748 including legal services ($262,594), advertising ($260,290), accounting services ($50,000), and travel ($27,865).
Note 2: In the financial summary above, "other changes in net assets" refers to noncontrolling interest in net loss of consolidated subsidiaries ($510,227), foreign currency translation loss for continuing operations (-$1,510,899), and loss of operations for discontinued banking activities (-$1,561,545).