Compass Outreach and Education Center Inc

Analysis

Compass Outreach and Education Center Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in October 2017, 9 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 December 2022, Compass Outreach and Education Center Inc reported income of $487k and spending of $498k, spending 102% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $250k to $487k (+95%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Outreach and Education Center Inc 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 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Foundation for Special Education District of Lake County ($487k), Aaron Academy ($487k) and Edgecombe Community College Foundation Inc ($487k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $39k (7.8% of expenses). Other salaries and wages came to $160k. At year end it held assets of $27k against liabilities of $0, net assets of $27k. It reported 9 employees.