Public Charity

OPPORTUNITY ALABAMA INC

OPPORTUNITY ALABAMA INC, of BIRMINGHAM, AL, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $2.1M in revenue, $1.7M in expenses, $3.2M in total assets. 3 publicly reported grants to this organization, totaling roughly $123K, appear in IRS filings.

EIN: 832134053 BIRMINGHAM, AL Latest filing: 2024
Total Revenue$2.1M
Total Expenses$1.7M
Total Assets$3.2M
Grant Records3
Funding Total$123K
Filing Years2019–2024

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.

Officers & Directors

PRESIDENT Alexander Flachsbart
DIRECTOR (THROUGH 05/01/2024) Anoop Mishra
SECRETARY Dan Ruth
CHAIR Greg Barker
DIRECTOR Larry Lewis
DIRECTOR (THROUGH 11/01/2024) Myla Calhoun

Officer compensation and complete director data available with membership.

Top Grant Purposes

SEE PART IV
$73,000 2 grants
1 GRANT(S) FOR VARYING PURPOSES
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.1M $1.7M $3.2M
2023 $2.4M $1.4M $2.3M
2022 $1.2M $1.2M $635K
2020 $737K $481K $657K
2019 $325K $25K $300K

Between 2019 and 2024, reported annual revenue grew from $325K to $2.1M (+546%), with total assets most recently reported at $3.2M.

Interactive year-over-year charts and full filing details available with membership.

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