Alabama · Nonprofit
OPPORTUNITY ALABAMA INC
OPPORTUNITY ALABAMA INC (Alabama) receives grants from 9 organizations whose IRS filings report $932,000 to it, the largest being Lumina Foundation for Education Inc ($314,900). 4 of them have funded it in more than one year.
- Revenue FY2024
- $2.1M
- Funders on record
- 9
- Grants received
- $932k
- Net assets
- $2.0M
What Opportunity Alabama Inc does
Mission
Founded in 2018, opportunity alabama (opal) is an economic development organization committed to creating a national model of sustainable economic development through community-led, place-based investments. We help underserved communities leverage diverse funding sources for projects and initiatives that improve quality of place and enhance the built environment. Most of that work involves closing access to capital gaps in low-income communities, in economically distressed communities, and/or within disadvantaged populations (including, but not limited to, minority- and women-owned businesses, residents of low-income areas, etc.). Through that work, we remediate blight, improve general economic and societal conditions, combat community deterioration, and/or preserve the traditions, architecture, and appearance of the communities we serve.
As stated on its FY2024 Form 990.
Programs
Opal has built an infrastructure to raise and invest private funds into the pipeline of investment opportunities we identify. A substantial amount of this work is undertaken by our wholly-owned subsidiary, opal investments (an alabama benefit corporation). The rest is undertaken by opal community capital, a flexible source of capital critical to ensuring that the deals that come through pdap ultimately have a complete capital stack. Occ's primary mission is to provide loan and other investment products for real estate and businesses in order to promote economic development and close access to capital gaps in low-income communities, in economically distressed communities, and/or within disadvantaged populations (including, but not limited to, minority- and women-owned businesses, residents of low-income areas, etc.). We have applied to have occ recognized as a community development financial institution by the us dept of treasury. During 2024, we deployed over $800k in new investment to four projects across alabama, all located in low-income communities; borrowers included a community-based nonprofit, a woman-owned business, and a minority-owned development team, working on…
$953,932 spentof which $74,709 as grants60% of program spendingOur second largest programmatic activity during 2024 was our property development assistance program (pdap) which helps property owners and emerging developers in underserved markets take a community-supported project from concept to construction. We help project teams navigate pre-development planning, budgeting, market analysis, pro forma creation. We then help projects secure all the incentives possible to enhance their ability to receive investment and break ground. Through pdap, we are building a pipeline of projects that are bringing vacant buildings back into service and supporting meaningful new construction while supporting local businesses, creating and improving housing, supporting reuse and/or redirection of downtown areas and central business districts, and more. During 2024, we assisted 16 different projects in low-income or underserved communities across alabama with our full suite of pdap programming. These projects will provide everything from community art space and new retail to boutique hotels and critically-needed housing.
$635,954 spentof which $49,806 as grants$4,661 earned by the program40% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,589,886.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $635k to $2.3M (+262%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 19% · 2021 100% · 2023 55% · 2024 38%. Grants only. Government contracts and fees sit inside program revenue.
96% of OPPORTUNITY ALABAMA INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Greg Barker
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base narrowed from 4 funders to 2 funders, grant income fell $521k → $24k.
2 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 21% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of OPPORTUNITY ALABAMA INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
OPPORTUNITY ALABAMA INC has a broad base — no single funder exceeds 34% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
29% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund OPPORTUNITY ALABAMA INC.
Largest funder’s share by year: 2019 48% · 2020 39% · 2021 100% · 2022 100% · 2023 83% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
17% of OPPORTUNITY ALABAMA INC's funders are still giving 3 years after their first grant; 44% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
OPPORTUNITY ALABAMA INC draws 63% of its grant income from funders outside Alabama, across 5 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $200k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
OPPORTUNITY ALABAMA INC holds deeper cash reserves than three-quarters of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Government funding OPPORTUNITY ALABAMA INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.5M on record.
- Department of the Interior$750k
- Appalachian Regional Commission$350k
- Department of Commerce$300k
- Delta Regional Authority$128k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like OPPORTUNITY ALABAMA INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Alabama
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 9 related entities
- Opal Community Capital LLC · disregarded
- Opal Community Development LLC · disregarded
- Opal Fund Gp LLC · partnership
- Opal Fund LP · partnership
- Opal Fund II Oz LP · partnership
Screen this organization
A dated, signed PDF of the compliance screen for OPPORTUNITY ALABAMA INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds OPPORTUNITY ALABAMA INC?
- OPPORTUNITY ALABAMA INC (Alabama) receives grants from 9 organizations whose IRS filings report $932,000 to it, the largest being Lumina Foundation for Education Inc ($314,900). 4 of them have funded it in more than one year.
- How many funders does OPPORTUNITY ALABAMA INC have?
- IRS filings report 9 organizations giving $932,000 in grants to OPPORTUNITY ALABAMA INC, 4 of which have funded it in more than one year.
- Who is the largest funder of OPPORTUNITY ALABAMA INC?
- Lumina Foundation for Education Inc is the largest funder on record, with $314,900 in grants. The full list of funders is on this page.
- How can an organization like OPPORTUNITY ALABAMA INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Alabama. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing