Erik Karishoej Education Foundation

Analysis

Erik Karishoej Education Foundation is a registered charity in United States, based in Yuba City, CA. It received its IRS tax-exemption ruling in October 2006, 20 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 December 2023, Erik Karishoej Education Foundation reported income of $1.3m and spending of $447k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $626k to $1.3m (+114%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 241%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erik Karishoej Education 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 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Crestwood Hills Nursery School ($1.3m), Yeshivat Mekor Chaim Inc ($1.3m) and Hannah Grimes Center ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $13.7m against liabilities of $3.9m, net assets of $9.9m.