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MIP Score

71

Societal Benefit
Alternative Banking

Opportunity Finance Network

Mission

Opportunity finance network's (ofn) mission is to lead community development financial institutions (cdfis) and their partners to ensure that low-income, low-wealth, and other disinvested people and communities have access to affordable, responsible financial products and services. ofn is a national leadership network of more than 350 cdfis, including community banks, credit unions, and loan funds. ofn, through its members, invest in low-income and underserved rural, urban, and native american communities across all 50 states in america; providing affordable, responsible credit that finances community businesses, sparks job growth in the areas that need it most, and delivering both sound financial returns and real changes for people and communities. ofn's program and services includes providing financial products and services for cdfis, increasing the strength and capacity of the cdfi industry, as well as amplifying the voice of the industry.

Basic Information

Tax-Exempt

Address

123 S Broad St, Ste 1930, Philadelphia, Pennsylvania, 19109

View all Philadelphia charities

Founded in

2006

EIN

20-5189202

Total Assets

$294.2 million

UN Sustainable Development Goals Supported

This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.

Showing 1 of 1 goals

MIP Score (Beta)

The MIP Score is in beta! We'd love any feedback you may have.

The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.

Overall Score

71

66

/100

Program Expense Ratio

94.10%

20

/20

Program Revenue Growth

34.35%

18

/20

Leverage Ratio

0.5257

8

/20

Working Capital Ratio

3.821

18

/20

Fundraising Efficiency

0

2

/20

Latest Filing Data: Form 990

Fiscal Year:2022

Source:Source: Self-reported by organization

Financial Details

Revenue

CategoryAmountPercentage
Contributions, Gifts, and Grants63.11M82.99%
Program Services11.9M15.65%
Investment Income1.039M1.37%
Sales of Non-Inventory Assets-3.22K-0.00%
Other Notable Sources00.00%
Total Revenue76.05M100.00%