Educational Endowment Fund Inc

Analysis

Educational Endowment Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Educational Endowment Fund Inc reported income of $1.2m and spending of $1.4m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.2m (-42%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Endowment Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Whitinsville Social Library ($1.2m), African American Male Educational Network and Development ($1.2m) and Innovative Engineering Consortium ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18.2m against liabilities of $0, net assets of $18.2m.