OPPORTUNITY ALABAMA INC
Birmingham, AL, US
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501(c)3
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EIN
83-2134053
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•
Fund Raising & Fund Distribution
Birmingham, AL, US
•
501(c)3
•
EIN
83-2134053
•
•
Fund Raising & Fund Distribution
AI Summary
OPPORTUNITY ALABAMA INC is an Alabama-based nonprofit focused on economic development, census, and community and economic development, with a mission to reduce generational poverty in the state’s distressed communities by educating communities, attracting private capital to low-income areas, and tracking investment outcomes in Alabama’s 158 Opportunity Zones. For filing year 2024, it reported an operating budget of $1.6M and total revenue of $2.1M, with top funders including Lumina Foundation for Education Inc ($378.9K in 2020), NEW VENTURE FUND ($150K in 2021), and ALABAMA POWER FOUNDATION INC ($135.1K in 2021).
Mission Statement
OPPORTUNITY ALABAMA (OPAL) IS THE ECONOMIC DEVELOPMENT ENGINE FOR ALABAMA'S LOW-INCOME PLACES. IT IS ORGANIZED TO ERADICATE GENERATIONAL POVERTY IN ALABAMA'S DISTRESSED COMMUNITIES BY (1) EDUCATING COMMUNITIES ABOUT HOW TO PROMOTE GROWTH IN LOW-INCOME AREAS, (2) ATTRACTING PRIVATE CAPITAL TO LOW-INCOME AREAS, AND (3) TRACKING DATA ABOUT WHETHER PRIVATE INVESTMENTS IN LOW-INCOME AREAS ARE ALLEVIATING POVERTY. ITS PRIMARY FOCUS IS ON THE STATE'S 158 OPPORTUNITY ZONES, LOW-INCOME CENSUS TRACTS DESIGNATED BY GOVERNOR KAY IVEY AS PART OF THE OPPORTUNITY ZONES INITIATIVE CREATED BY THE TAX CUTS AND JOBS ACT OF 2017.
Cause Areas
3
Census
Economic development
Community and economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 9 funders
- 12 board & team members
- 6 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is OPPORTUNITY ALABAMA INC’s budget?
In 2024, OPPORTUNITY ALABAMA INC reported an annual operating budget of around $1.6 million. More detailed financial information is available to registered users.
What causes does OPPORTUNITY ALABAMA INC support?
OPPORTUNITY ALABAMA INC supports work in Census, Economic development, and Community and economic development.
Where does OPPORTUNITY ALABAMA INC operate?
OPPORTUNITY ALABAMA INC is headquartered in Birmingham, AL.
Who funded OPPORTUNITY ALABAMA INC recently?
In 2024, OPPORTUNITY ALABAMA INC received grants from LOCAL INITIATIVES SUPPORT CORPORATION, TRUIST FOUNDATION INC, and THE EDUCATIONAL FOUNDATION OF AMERICA C/O INTENTIONAL PHILANTHROPY. More information on this organization’s funders is available to registered users.
What is the largest grant OPPORTUNITY ALABAMA INC received in 2024?
The largest grant to OPPORTUNITY ALABAMA INC in 2024 exceeds $40 thousand.
What is OPPORTUNITY ALABAMA INC’s reliance on government grants?
OPPORTUNITY ALABAMA INC relied on government grants for more than 35% of their total revenue in 2024.