SSP International Inc

Analysis

SSP International Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, SSP International Inc reported income of $198.9m and spending of $3.3m, leaving 98% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $198.9m (+14192%), an average of +246% a year. The sharpest change came in the year to September 2023, when income rose by 8906%. Over the whole period it spent 3.9% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SSP International Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DE. Charities of a similar size with the same main cause include Hampton University ($197.4m), Feinberg Graduate School of the Weizmann Institute of Science ($199.5m) and Rider University ($196.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $327k (9.9% of expenses). Other salaries and wages came to $528k. At year end it held assets of $202.1m against liabilities of $209k, net assets of $201.9m. It reported 45 employees.