Southeastern Indiana Economic Opportunity Corporation

Analysis

Southeastern Indiana Economic Opportunity Corporation is a registered charity in United States, based in Aurora, IN. It received its IRS tax-exemption ruling in November 1973, 53 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, Southeastern Indiana Economic Opportunity Corporation reported income of $8.0m and spending of $7.7m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $8.0m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southeastern Indiana Economic Opportunity Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Brandeis Hillel Day School - Marin ($8.0m), The Savannah Classical Academy a Challenge Foundation Academy ($8.0m) and Pacifica Christian High School-Orange County Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $213k (2.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.1m against liabilities of $546k, net assets of $552k. It reported 105 employees.