Edboost Education Corporation

Analysis

Edboost Education Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Edboost Education Corporation reported income of $253k and spending of $300k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $253k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edboost Education Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Kbe Charitable Foundation Inc ($253k), East to West Philanthropies ($253k) and Ateret Avot ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $55k (18% of expenses). Other salaries and wages came to $126k. At year end it held assets of $127k against liabilities of $129k, net assets of -$2,012. It reported 17 employees.