East Dakota Educational Cooperative

Analysis

East Dakota Educational Cooperative is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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 June 2023, East Dakota Educational Cooperative reported income of $7.8m and spending of $7.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $7.8m (+157%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Dakota Educational Cooperative sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within SD. Charities of a similar size with the same main cause include U S Naval Sea Cadet Corps ($7.8m), Metropolitan Affordable Housing Corporation ($7.8m) and Austin Waldorf School ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $188k (2.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $4.5m against liabilities of $2.2m, net assets of $2.3m. It reported 115 employees.