Educational Arts Team

Analysis

Educational Arts Team is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in March 1982, 44 years ago. 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 2022, Educational Arts Team reported income of $908k and spending of $1.1m, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $801k to $908k (+13%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Arts Team sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Mayslake Annex II NFP ($908k), New Horizons Developmental Center Inc ($908k) and Jerry Ambrose Veterans Council of Mohave County Inc ($908k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 41% and program service revenue 60% of the total. Other salaries and wages came to $651k. At year end it held assets of $769k against liabilities of $100k, net assets of $669k. It reported 88 employees.