Equal Chance for Education

Analysis

Equal Chance for Education is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Equal Chance for Education reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $458k to $2.0m (+341%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 187%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equal Chance for Education sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Doral Academy Foundation Inc ($2.0m), Graduate Center Foundation Housing Corporation ($2.0m) and Sesame Workshop International Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $90k (5.0% of expenses). Other salaries and wages came to $53k. At year end it held assets of $377k against liabilities of $26k, net assets of $351k. It reported 3 employees.