Student Opportunities and Advanced Resources

Analysis

Student Opportunities and Advanced Resources is a registered charity in United States, based in Advance, NC. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Student Opportunities and Advanced Resources reported income of $312k and spending of $273k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $99k to $312k (+216%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Student Opportunities and Advanced Resources sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Suburban Minority Contractors Association ($312k), Jackson R-2 School District Foundation ($312k) and Sparkpath Inc ($312k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $44k (16% of expenses). Other salaries and wages came to $119k. At year end it held assets of $64k against liabilities of $0, net assets of $64k. It reported 10 employees.