Education Culture Opportunities Foundation

Analysis

Education Culture Opportunities Foundation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Education Culture Opportunities Foundation reported income of $775k and spending of $762k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $429k to $775k (+81%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Education Culture Opportunities Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Reality Kitchen Nonprofit ($775k), Coffey County Transportation ($776k) and Chris Wilson Foundation ($775k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $316k (42% of expenses). Other salaries and wages came to $269k. At year end it held assets of $337k against liabilities of $0, net assets of $337k. It reported 4 employees.