SSS Education Foundation

Analysis

SSS Education Foundation is a registered charity in United States, based in Mesquite, TX. It received its IRS tax-exemption ruling in September 2018, 8 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 August 2023, SSS Education Foundation reported income of $8.4m and spending of $12.1m, spending 144% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $56k to $8.4m (+14972%), an average of +250% a year. The sharpest change came in the year to August 2020, when income rose by 1311%. Over the whole period it spent 136% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SSS Education Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Central Park School for Children ($8.4m), Leading Edge Alliance Inc ($8.4m) and Venture Academy ($8.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $120.5m against liabilities of $127.3m, net assets of -$6.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.