Education Potential Verified

Analysis

Education Potential Verified is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2020, 6 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 August 2023, Education Potential Verified reported income of $1.3m and spending of $1.2m, spending 88% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $247k to $1.3m (+432%), an average of +131% a year. The sharpest change came in the year to August 2023, when income rose by 138%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Education Potential Verified sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Hill House Incorporated ($1.3m), Christian Church Foundation for the Handicapped ($1.3m) and Childrens Services Foundation ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (6.4% of expenses). Other salaries and wages came to $102k. At year end it held assets of $566k against liabilities of $94k, net assets of $472k. It reported 8 employees.