Education Resource Strategies Inc

Analysis

Education Resource Strategies Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in March 2005, 21 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, Education Resource Strategies Inc reported income of $17.9m and spending of $16.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.0m to $17.9m (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Resource Strategies 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 96th percentile within MA. Charities of a similar size with the same main cause include The John P Holland Charter School Inc ($17.9m), American University of Rome ($17.9m) and Cape Cod Foundation Inc ($17.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $1.3m (7.9% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $21.7m against liabilities of $7.1m, net assets of $14.6m. It reported 106 employees.