Foundation for Educational and Developmental Opportunity Inc

Analysis

Foundation for Educational and Developmental Opportunity Inc is a registered charity in United States, based in Bristol, VA. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Foundation for Educational and Developmental Opportunity Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $906k to $1.4m (+49%), an average of +10% a year. The sharpest change came in the year to July 2023, when income rose by 55%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation for Educational and Developmental Opportunity Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Farm Training Collective NYC Inc ($1.4m), Awakening Seed Inc ($1.4m) and Bright Beginnings Family Childcare Inc ($1.4m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 42% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $108k (8.4% of expenses). Other salaries and wages came to $667k. At year end it held assets of $5.6m against liabilities of $160k, net assets of $5.4m. It reported 23 employees.