Square One Education Network

Analysis

Square One Education Network is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in September 1991, 35 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 June 2023, Square One Education Network reported income of $509k and spending of $528k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $268k to $509k (+90%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 185%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Square One Education Network sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Imanu ($509k), Trojan Sig Foundation ($509k) and Siguiendo Los Pasos de Jesus Inc ($509k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $94k (18% of expenses). Other salaries and wages came to $92k. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m. It reported 2 employees.