Einstein Group

Analysis

Einstein Group is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Einstein Group reported income of $28.9m and spending of $23.4m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.8m to $28.9m (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Einstein Group sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Emmanuel University Inc ($28.9m), Bastyr University ($29.0m) and Imagine Schools Riverside County ($28.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $788k (3.4% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $15.4m against liabilities of $1.2m, net assets of $14.2m. It reported 272 employees.