Medgar Evers Educational Foundation Inc

Analysis

Medgar Evers Educational Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1981, 45 years ago. 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 2024, Medgar Evers Educational Foundation Inc reported income of $675k and spending of $453k, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $491k to $675k (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 126%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medgar Evers Educational Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Mission Ridge Ski Education Foundation ($675k), Over-The-Rhine South Special Improvement District of Cincinnati ($675k) and Eve Incorporated ($675k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.9m against liabilities of $202k, net assets of $2.7m.