Securing Assets for Education

Analysis

Securing Assets for Education is a registered charity in United States, based in Moncks Corner, SC. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Securing Assets for Education reported income of $31.7m and spending of $30.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $31.7m (+251%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 193%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Securing Assets for Education sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include American Dental Education Association ($31.7m), Journalism Develoment Network Inc ($31.7m) and Lifesteps Inc ($31.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $186.0m against liabilities of $186.3m, net assets of -$291k.