Education Explosion Inc

Analysis

Education Explosion Inc is a registered charity in United States, based in Baker, LA. It received its IRS tax-exemption ruling in February 2010, 16 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 June 2023, Education Explosion Inc reported income of $7.3m and spending of $7.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $7.3m (+57%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Explosion Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within LA. Charities of a similar size with the same main cause include White Earth Tribal and Community College ($7.3m), TVCS ($7.3m) and Elizabeth Academy ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $364k (4.8% of expenses). At year end it held assets of $3.2m against liabilities of $317k, net assets of $2.9m. It reported 67 employees.