Greater Education Opportunities Foundation

Analysis

Greater Education Opportunities Foundation is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Greater Education Opportunities Foundation reported income of $14.1m and spending of $13.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $14.1m (+165%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 77%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Education Opportunities Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IN. Charities of a similar size with the same main cause include Witte Museum ($14.1m), American Council on the Teaching of Foreign Languages Inc ($14.1m) and Grammy Museum Foundation Inc ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 54% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $23.2m against liabilities of $11.0m, net assets of $12.1m. It reported 54 employees.