From public IRS filings

Opportunity Finance Network

PHILADELPHIA, PA · Public & Society Benefit

EIN (Tax ID): 20-5189202Latest Form 990: 2023IRS ruling year: 2008Find their 990 filing →

Built from IRS filings (latest Form 990: tax year 2023). Opportunity Finance Network has not reviewed or approved this page. Kindora is not affiliated with it.

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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 400 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.

Financials (IRS Form 990)

Total revenue
$25M
Total expenses
$31.2M
Total assets
$313.6M
Program expense ratio
92%

Source: IRS Form 990, tax year 2023.

Who funds Opportunity Finance Network

$59.2M in foundation grants on record from 22 funders — matched from IRS 990 grant line items. Some matches may be approximate.

Leadership

BHUMIP PATEL — SVP ACCOUNTING & FINANCE (Principal officer)

Names of officers and trustees come from the organization's public filings and leave this page when a later filing drops them. If you are named here and object, write to privacy@kindora.co.