Educational Records Bureau Inc

Analysis

Educational Records Bureau Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1944, 82 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Educational Records Bureau Inc reported income of $21.3m and spending of $17.5m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.9m to $21.3m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Records Bureau Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Steppingstone Day School Inc ($21.3m), Sioux Falls Christian Schools Association ($21.3m) and Fellowship Christian School Inc ($21.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.2m (13% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $40.3m against liabilities of $2.6m, net assets of $37.7m. It reported 46 employees.