Education Collaborative of Wny Inc

Analysis

Education Collaborative of Wny Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Education Collaborative of Wny Inc reported income of $1.8m and spending of $1.8m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.8m (+16%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Collaborative of Wny Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Tots R US Daycare Ministries Inc ($1.8m), New Creation Christian Academy Inc ($1.8m) and Qalam Seminary Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $85k (4.6% of expenses). Other salaries and wages came to $111k. At year end it held assets of $457k against liabilities of $4,158, net assets of $453k. It reported 3 employees.