Upstate Homeschool Co-Op Inc

Analysis

Upstate Homeschool Co-Op Inc is a registered charity in United States, based in Taylors, SC. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Upstate Homeschool Co-Op Inc reported income of $1.6m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $624k to $1.6m (+158%), an average of +27% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Upstate Homeschool Co-Op Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Oakland School Incorporated ($1.6m), Moonshot Edventures ($1.6m) and Person County Partnership for Children Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.0% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $124k (8.4% of expenses). At year end it held assets of $1.5m against liabilities of $1.0m, net assets of $476k. It reported 126 employees.