The Ellie Fund

Analysis

The Ellie Fund is a registered charity in United States, based in Needham, MA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, The Ellie Fund reported income of $2.5m and spending of $2.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Ellie Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Potash Hill Inc ($2.5m), Relational Care Ministries Inc ($2.5m) and Friends of Forman Christian College Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $148k (6.4% of expenses). Other salaries and wages came to $477k. At year end it held assets of $1.3m against liabilities of $41k, net assets of $1.3m. It reported 9 employees.