Overseas Schools Assistance Corporation

Analysis

Overseas Schools Assistance Corporation is a registered charity in United States, based in Berlin, MA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending February 2024, Overseas Schools Assistance Corporation reported income of $3.0m and spending of $2.2m, leaving 25% of income unspent that year. Across the 6 years on record, from February 2019 to February 2024, income fell from $4.8m to $3.0m (-38%), an average of -9.1% a year. The sharpest change came in the year to February 2022, when income rose by 95%. Over the whole period it spent 126% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Overseas Schools Assistance Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Walker Center for Ecumenical Exchange Inc ($3.0m), University of Edinburgh USA Development Trust Inc ($3.0m) and The Binyamin Fund Inc ($3.0m).

On its Form 990 for the period ending February 2024, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $659k (30% of expenses). Other salaries and wages came to $459k. At year end it held assets of $9.5m against liabilities of $1.6m, net assets of $7.9m. It reported 10 employees.