Sponsors for Educational Opportunity Inc

Analysis

Sponsors for Educational Opportunity Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sponsors for Educational Opportunity Inc reported income of $45.8m and spending of $44.2m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $25.9m to $45.8m (+77%), an average of +15% a year. The sharpest change came in the year to August 2021, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sponsors for Educational Opportunity Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Kings Academy Inc ($45.8m), Services for Children with Hidden Intelligence Inc ($45.8m) and Rex and Margaret Fortune School of Education ($45.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $3.4m (7.7% of expenses). Other salaries and wages came to $21.2m. At year end it held assets of $76.1m against liabilities of $6.6m, net assets of $69.5m. It reported 662 employees.