National Education Opportunity Network Inc

Analysis

National Education Opportunity Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2019, 7 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 2023, National Education Opportunity Network Inc reported income of $5.5m and spending of $5.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $5.5m (+1003%), an average of +82% a year. The sharpest change came in the year to December 2021, when income rose by 354%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, National Education Opportunity Network 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 90th percentile within NY. Charities of a similar size with the same main cause include Urban Community School Property Foundation ($5.5m), De LA Salle Academy ($5.5m) and Palmdale Aerospace Academy Foundation ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $596k (12% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.4m against liabilities of $775k, net assets of $2.6m. It reported 22 employees.