Strive for College Inc

Analysis

Strive for College Inc is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in June 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 May 2024, Strive for College Inc reported income of $2.4m and spending of $1.8m, leaving 24% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income fell from $2.6m to $2.4m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to May 2021, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Strive for College Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include The Rivendell School of Northern Colorado ($2.4m), Arise Educational Center ($2.4m) and Association of Prosecuting Attorneys Inc ($2.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 78% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $643k (35% of expenses). Other salaries and wages came to $689k. At year end it held assets of $3.7m against liabilities of $0, net assets of $3.7m. It reported 5 employees.