Educational Testing Service

Analysis

Educational Testing Service is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in July 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Educational Testing Service reported income of $1.06bn and spending of $1.07bn, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.29bn to $1.06bn (-18%), an average of -4.9% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Educational Testing Service sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include Rochester Institute of Technology ($1.04bn), University of California San Francisco Foundation ($1.09bn) and Southern Methodist University ($1.04bn).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $11.1m (1.0% of expenses). Other salaries and wages came to $273.6m. At year end it held assets of $1.76bn against liabilities of $267.9m, net assets of $1.50bn. It reported 26,757 employees.