Compass Education and Career Foundation Inc

Analysis

Compass Education and Career Foundation Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in March 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, Compass Education and Career Foundation Inc reported income of $496k and spending of $487k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $496k (+229%), an average of +229% a year. The sharpest change came in the year to December 2023, when income rose by 229%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Compass Education and Career Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Utah Clean Cities ($495k), Sausalito Nursery School ($496k) and Chaldean Federation of America ($495k).

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 $86k (18% of expenses). Other salaries and wages came to $301k. At year end it held assets of $8,240 against liabilities of $0, net assets of $8,240. It reported 3 employees.