Educational Growth Across Oceans Inc

Analysis

Educational Growth Across Oceans Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Educational Growth Across Oceans Inc reported income of $870k and spending of $948k, spending 109% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $742k to $870k (+17%), an average of +8.3% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Educational Growth Across Oceans Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include History Museum on the Square Inc ($870k), Annapolis Opera Incorporated ($870k) and American Association of Community Theatre ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Other salaries and wages came to $3,404. At year end it held assets of $279k against liabilities of $119k, net assets of $160k. It reported 3 employees.