Edventure Group Inc

Analysis

Edventure Group Inc is a registered charity in United States, based in Morgantown, WV. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Edventure Group Inc reported income of $1.6m and spending of $1.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $858k to $1.6m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 108%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edventure Group Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within WV. Charities of a similar size with the same main cause include Academe of the Oaks Inc ($1.6m), Yleana Leadership Foundation Inc ($1.6m) and North Carolina Community College Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $220k (14% of expenses). Other salaries and wages came to $564k. At year end it held assets of $1.5m against liabilities of $830k, net assets of $682k. It reported 10 employees.