Council for Opportunity in Education

Analysis

Council for Opportunity in Education is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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 June 2023, Council for Opportunity in Education reported income of $10.3m and spending of $10.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $10.3m (+26%), an average of +5.9% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Council for Opportunity in Education sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include Crown College ($10.3m), Minnewaska Lutheran Home ($10.3m) and Habilitative Systems Incorporated ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $792k (7.5% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $8.3m against liabilities of $9.1m, net assets of -$772k. It reported 33 employees.