El Education Inc

Analysis

El Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2000, 26 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 August 2023, El Education Inc reported income of $42.7m and spending of $45.6m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $27.1m to $42.7m (+57%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, El Education Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Ranken Technical College ($42.7m), San Domenico School ($42.7m) and University of Mary Washington Foundation ($42.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $2.1m (4.5% of expenses). Other salaries and wages came to $20.6m. At year end it held assets of $35.3m against liabilities of $5.9m, net assets of $29.4m. It reported 228 employees.