20 20 Vision for Schools Inc

Analysis

20 20 Vision for Schools Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, 20 20 Vision for Schools Inc reported income of $1.8m and spending of $2.1m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $644k to $1.8m (+179%), an average of +29% a year. The sharpest change came in the year to August 2021, when income rose by 90%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 20 20 Vision for Schools Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Main Line Classical Academy ($1.8m), Center for Arts-Inspired Learning ($1.8m) and Trinity Preparatory Academy ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 6.5% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $112k (5.3% of expenses). Other salaries and wages came to $345k. At year end it held assets of $196k against liabilities of $369k, net assets of -$172k. It reported 6 employees.