District Council 37 Educational Fund

Analysis

District Council 37 Educational Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2023, District Council 37 Educational Fund reported income of $7.5m and spending of $7.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $7.5m (+6.8%), an average of +1.7% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, District Council 37 Educational Fund sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Nutech Ventures ($7.5m), Main Street Launch ($7.5m) and Local Workforce Investment for the Westmoreland-Fayette Workforce ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $210k (2.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $10.1m against liabilities of $10.1m, net assets of $0. It reported 27 employees.