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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
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.
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
Category | Amount | Percentage |
---|---|---|
Contributions, Gifts, and Grants | 63.11M | 82.99% |
Program Services | 11.9M | 15.65% |
Investment Income | 1.039M | 1.37% |
Sales of Non-Inventory Assets | -3.22K | -0.00% |
Other Notable Sources | 0 | 0.00% |
Total Revenue | 76.05M | 100.00% |
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