The Educational Alliance Inc

Analysis

The Educational Alliance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1944, 82 years ago. 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, The Educational Alliance Inc reported income of $49.3m and spending of $52.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46.0m to $49.3m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Educational Alliance Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Georgia School Board Association Risk & Insurance Management System ($49.2m), Path Inc ($49.4m) and Gracelight Community Health ($49.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $976k (1.9% of expenses). Other salaries and wages came to $27.5m. At year end it held assets of $41.7m against liabilities of $27.8m, net assets of $14.0m. It reported 979 employees.