Ministry Spotlight: Opportunity International
Significant changes in revenue, expenses and net assets over 5-year period
Revenue and expenses for Opportunity International, a global poverty-fighting nonprofit, dropped significantly over the last 5 years. Its Donor Confidence Score also recently fell to 58— an “Exercise Caution” designation.
According to its website, Opportunity International “helps those living in poverty build sustainable incomes, educate their children, improve their farms, and build brighter futures for their families.”
They do this through initiatives such as financial training, support for small businesses, women’s economic empowerment, vocational training, and an Education Finance (EduFinance) initiative that “partners with financial institutions to increase the ability of independent non-state local schools to provide affordable, quality education.”
From 2019 to 2023, the organization’s overall revenue fell from $74.7 million to $40.9 million. Its expenses also dropped from $68.9 million in 2019 to $44.3 million in 2023. These changes are explained, in large part, by Opportunity International’s decision to begin a divestiture of its banking operations in 2015.
Joseph Dutra, VP of Communications for Opportunity International, told MinistryWatch that “the changes in our financials over the past five years are primarily due to the divestment of our partial interest in microfinance institutions. Most recently, our divestment in a bank in Serbia reduced our ownership below 50%.”
Starting with Fiscal Year 2023, Opportunity International no longer includes revenue from this bank in its consolidated financial statements.
“This divestment significantly impacted our reported revenue, expenses, and assets during this period,” Dutra explained.
In 2023, the organization had a deficit of $3.3 million, and it currently has $30.5 million in net assets.
The organization also lost points from its Donor Confidence Score (DCS) because it is not a member of the Evangelical Council for Financial Accountability. The DCS is also impacted by CEO Atul Tandon’s salary. Part of the MinistryWatch DCS includes a requirement that a CEO’s salary be “within one standard deviation of the median compensation.” Currently, Tandon makes $662,408.
Dutra told MinistryWatch that Tandon’s “compensation is based on a survey of INGO executives and weighted with larger datasets of nonprofits with annual revenues between $50 and $100 million per annum, and reflects the level of responsibility involved in leading a global organization that, in 2023, reached over 20 million people and facilitated the release of over $2.6 billion in capital across 30 countries.”
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MinistryWatch Donor Confidence Score: 53 (out of a possible 100) “Exercise Caution”
MinistryWatch Financial Efficiency Rating: 1 Star (out of a possible 5 Stars)
MinistryWatch Transparency Grade: C
Revenue in Most Recent Year Available: $40,913,810
Five-Year Revenue Trend: Decreasing (by about 45%)
Percent of Revenue Opportunity International Spends on Fundraising: 14%
Percent Peer Group Spends on Fundraising: 6%
CEO/President: Atul Tandon
President’s Salary and Other Compensation: $662,408
A complete MinistryWatch profile for Opportunity International can be found here.
Find recent MinistryWatch articles mentioning Opportunity International here.
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