Educate the Children Inc

Analysis

Educate the Children Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Educate the Children Inc reported income of $577k and spending of $358k, leaving 38% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $301k to $577k (+91%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Educate the Children Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include East St Tammany Rainbow Childcare Center ($577k), New Testament Church of God Little Angels Academy Inc ($577k) and Lighthouse Thrift Store ($577k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (8.8% of expenses). Other salaries and wages came to $21k. At year end it held assets of $502k against liabilities of $8,581, net assets of $493k. It reported 2 employees.