Council on Occupational Education Inc

Analysis

Council on Occupational Education Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 on Occupational Education Inc reported income of $4.1m and spending of $3.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.1m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Council on Occupational Education Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Horry-Georgetown Technical College Foundation Incorporated ($4.1m), Educationsuperhighway ($4.1m) and Spokane Colleges Foundation ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $382k (9.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $9.7m against liabilities of $3.4m, net assets of $6.3m. It reported 26 employees.