Association for Enterprise Opportunity Inc

Analysis

Association for Enterprise Opportunity Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1997, 29 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 2023, Association for Enterprise Opportunity Inc reported income of $3.4m and spending of $7.0m, spending 204% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.4m (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 630%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Association for Enterprise Opportunity Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 75th percentile within DC. Charities of a similar size with the same main cause include The Northern Cincinnati Foundation ($3.4m), Longmont Community Foundation ($3.4m) and The Mary Kay Foundation ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 116% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $327k (4.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.3m against liabilities of $2.5m, net assets of $2.8m. It reported 19 employees.

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.