Appletree Institute for Education Innovation Inc

Analysis

Appletree Institute for Education Innovation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1997, 29 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 June 2023, Appletree Institute for Education Innovation Inc reported income of $21.9m and spending of $21.4m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.9m to $21.9m (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Appletree Institute for Education Innovation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Variety Child Learning Center ($21.9m), El Paso Education Initiative Inc ($21.9m) and Regina Coeli Child Development Center ($21.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $1.2m (5.8% of expenses). Other salaries and wages came to $11.4m. It paid $79k in professional fundraising fees. At year end it held assets of $20.2m against liabilities of $7.0m, net assets of $13.2m. It reported 225 employees.