Edtunity Institute Inc

Analysis

Edtunity Institute Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Edtunity Institute Inc reported income of $321k and spending of $386k, spending 120% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $103k to $321k (+211%), an average of +76% a year. The sharpest change came in the year to June 2022, when income rose by 300%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Edtunity Institute Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Funducation Inc ($321k), Hatch HSV ($321k) and Boys and Girls Club of American Samoa ($321k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5,000 (1.3% of expenses). At year end it held assets of $4,831 against liabilities of $137k, net assets of -$133k.