Study Group Solutions Inc

Analysis

Study Group Solutions Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2017, 9 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, Study Group Solutions Inc reported income of $6.1m and spending of $5.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $6.1m (+10.0%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Study Group Solutions Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include The Northern Michigan University Foundation ($6.1m), Archway Classical Academy Mesa ($6.1m) and Coppin State College Development Foundation Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $148k (2.8% of expenses). Other salaries and wages came to $228k. At year end it held assets of $12.3m against liabilities of $14.3m, net assets of -$1.9m. It reported 4 employees.