Social Security Works Education Fund

Analysis

Social Security Works Education Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Social Security Works Education Fund reported income of $515k and spending of $910k, spending 177% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.3m to $515k (-78%), an average of -39% a year. The sharpest change came in the year to December 2021, when income dropped by 71%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Social Security Works Education Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 44th percentile within DC. Charities of a similar size with the same main cause include Cedar Valley Preschool and Child Care Center ($515k), Returning Veterans Project ($515k) and Assistance League Coachella Valley ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $439k (48% of expenses). Other salaries and wages came to $248k. At year end it held assets of $24k against liabilities of $207k, net assets of -$183k. It reported 8 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.