School of Choice Education Organization

Analysis

School of Choice Education Organization is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2012, 14 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, School of Choice Education Organization reported income of $346k and spending of $706k, spending 204% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $397k to $346k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income dropped by 58%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, School of Choice Education Organization sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IL. Charities of a similar size with the same main cause include Credit Union of Colorado Foundation ($346k), Exchange Club of Lake Highlands Inc ($346k) and Honor Flight of West Central Florida ($345k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $206k (29% of expenses). At year end it held assets of $1.7m against liabilities of $8,611, net assets of $1.7m.