Sterling Education Inc

Analysis

Sterling Education Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sterling Education Inc reported income of $17.9m and spending of $17.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $17.9m (+345%), an average of +45% a year. The sharpest change came in the year to June 2020, when income rose by 110%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sterling Education Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Delaware County Christian School Society ($17.9m), Nyos Charter School Inc ($18.0m) and American University of Rome ($17.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $674k (3.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.8m against liabilities of $34k, net assets of $2.8m. It reported 28 employees.