Educational Video Center Inc

Analysis

Educational Video Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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 August 2023, Educational Video Center Inc reported income of $1.1m and spending of $1.3m, spending 121% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $627k to $1.1m (+71%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 59%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Video Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Second Sense ($1.1m), Boulder Valley Hockey Foundation ($1.1m) and Howard County Child Care Association ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $219k (17% of expenses). Other salaries and wages came to $516k. At year end it held assets of $1.5m against liabilities of $40k, net assets of $1.4m. It reported 36 employees.