Eo Companies

Analysis

Eo Companies is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in October 1968, 58 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 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, Eo Companies reported income of $18.0m and spending of $9.5m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $2.5m to $18.0m (+609%), an average of +63% a year. The sharpest change came in the year to June 2023, when income rose by 151%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eo Companies sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Wellstar Foundation Inc ($18.0m), Muskegon County Community Foundation ($18.0m) and Youngstown Area Jewish Federation ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $132k (1.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $18.8m against liabilities of $7.6m, net assets of $11.3m. It reported 49 employees.