Educational Development Group Inc

Analysis

Educational Development Group Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Educational Development Group Inc reported income of $191k and spending of $184k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $191k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Development Group Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include The Junior Service League of Maryville ($191k), The Guild of Tehachapi Healthcare District ($191k) and Write Out Loud ($190k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $53k against liabilities of $0, net assets of $53k.