Education Reform Now Inc

Analysis

Education Reform Now Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2006, 20 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 Reform Now Inc reported income of $10.5m and spending of $12.9m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.6m to $10.5m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Reform Now Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Literacy Pittsburgh ($10.5m), Colegio Catolico Notre Dame Corp ($10.5m) and Three Rivers Education Foundation Inc ($10.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $476k (3.7% of expenses). Other salaries and wages came to $1.3m. It paid $118k in professional fundraising fees. At year end it held assets of $17.5m against liabilities of $732k, net assets of $16.8m.