Center for Educational Innovation

Analysis

Center for Educational Innovation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2001, 25 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 June 2023, Center for Educational Innovation reported income of $7.5m and spending of $9.2m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $7.5m (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 231%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Educational Innovation sits at the 92nd percentile: it is larger than about 92% 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 International Womens Forum ($7.5m), Montgomery College Foundation Inc ($7.5m) and Boston Trinity Academy Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $472k (5.1% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $5.4m against liabilities of $2.5m, net assets of $2.9m. It reported 160 employees.