Out for Education

Analysis

Out for Education is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2022, Out for Education reported income of $160k and spending of $75k, leaving 53% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income grew from $131k to $160k (+22%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Out for Education sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Moringa for Love ($160k), New Jersey Scholars Program Inc ($160k) and Una Vida Esta Vida ($160k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% of the total. At year end it held assets of $639k against liabilities of $0, net assets of $639k.