Educational Opportunity Fund Inc

Analysis

Educational Opportunity Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2022, Educational Opportunity Fund Inc reported income of $138k and spending of $2.7m, spending 1918% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $149k to $138k (-7.4%), an average of -2.5% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 675% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Educational Opportunity Fund Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Maria Fassi Foundation ($138k), North Hall Community Education Foundation Inc ($138k) and Go Two International Inc ($138k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 88% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.