Kaplan Educational Foundation

Analysis

Kaplan Educational Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kaplan Educational Foundation reported income of $755k and spending of $726k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $770k to $755k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 129% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kaplan Educational Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Fwa of New York Inc ($755k), Bethany Home Society Foundation Inc ($756k) and United Way of McLean County ($754k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $167k (23% of expenses). Other salaries and wages came to $251k. It paid $125k in professional fundraising fees. At year end it held assets of $5.1m against liabilities of $147k, net assets of $5.0m. It reported 4 employees.