Eyol Inc

Analysis

Eyol Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in November 2016, 10 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 June 2023, Eyol Inc reported income of $715k and spending of $3.0m, spending 416% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $661k to $715k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to June 2022, when income rose by 1463%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eyol Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Ezekiel Center Inc ($715k), Love to Learn Inc ($715k) and The Missoula Community School ($714k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $347k (12% of expenses). At year end it held assets of $5.2m against liabilities of $2.1m, net assets of $3.1m. It reported 2 employees.