Davids Educational Opportunity Fund Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
David's Educational Opportunity Fund provides financial, educational, and mental and physical health support to a select number of students from poor families who live in Quito, Ecuador, as they pursue higher education.
- Income
- $118,871
- Spending
- $122,207
- Reserves
- 3.3 months of spending
- Largest source of income
- donations and private grants, 99%
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 69 out of 100. Higher than 44% of charities in its peer group (international, under $250k).
Reserves
20 of 35Spendable reserves would cover 3.3 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
8 of 15Spending exceeded income by 3% of income.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $7,738 spent. From January 1, 2025, to March 31, 2025, David's Educational Opportunity Fund offered grants directly to the students it supports. The grants included payments to 18 students studying in universities in Quito, Ecuador. They all come from families that lack the economic resources to support them in higher education. Our support is comprehensive, including mental health counseling, medical and necessary dental expenses, computers, and internet service. On average, we need between $5,000 and $6,000 to support one student annually. Since our official beginning in 2012, we have supported 49 students, and we now have 30 graduates. In that period, we have lost only five students. Our success rate is thus nearly 90%. We believe that our success is based on our commitment to comprehensive, consistent, and individualized work with our students. We have graduates in many fields, including Education, Law, Engineering, Computer Science, Fashion Design, International Business, Veterinary Science, Accounting, Finance, and Optometry. We currently have students in the areas of Architecture, Medicine, Nursing, Social Work, Mechanical Engineering, Psychology, Gastronomy, and Accounting. We work with allies in the Ecuadorian business community who support our students with internships and jobs. With the development of David's Educational Opportunity Fund-Ecuador in 2025, services can be offered immediately and efficiently, and ties with the educational and business communities in Ecuador are being extended and strengthened.
- $852 spent. From April 1, 2025, to December 31, 2025, David's Educational Opportunity Fund-Ecuador received as a grant the indicated amount to support students from poor families in Quito, Ecuador. The indicated grant is used in several main ways: for grants to students for tuition, computers, internet, transportation, food at school, and basic medical and dental care (approximately $40,000 for nine months). The grant also supported salaries for three staff members: the director, Rubén Altamirano; the education coordinator, Angelica Bedon; and the accountant, Nancy Chavez (approximately $20,000 for nine months). Additionally, the grant paid independent contractors for mental health counseling, tutoring, and safe transportation at night (approximately $9,000 for nine months). The remaining grant funds were used for community-building events and publicity.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2012.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.