Erac-Ce

Analysis

Erac-Ce is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 2005, 21 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 September 2023, Erac-Ce reported income of $1.0m and spending of $960k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $542k to $1.0m (+88%), an average of +17% a year. The sharpest change came in the year to September 2021, when income rose by 65%. 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, Erac-Ce sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Tidelines Institute ($1.0m), Ums-Wright Foundation Inc ($1.0m) and Tommy Spaulding Leadership Institute ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $255k (27% of expenses). Other salaries and wages came to $281k. At year end it held assets of $652k against liabilities of $89k, net assets of $563k. It reported 11 employees.