Education Equals Hope Inc

Analysis

Education Equals Hope Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Education Equals Hope Inc reported income of $1.1m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $742k to $1.1m (+55%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Equals Hope Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within SC. Charities of a similar size with the same main cause include Orlando Youth Alliance Inc ($1.1m), West Gilbert Charter Middle School Inc ($1.1m) and Tracy Andrus Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $774k against liabilities of $4, net assets of $774k. It reported 2 employees.