Institute for Educational Achievement Inc

Analysis

Institute for Educational Achievement Inc is a registered charity in United States, based in New Milford, NJ. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Institute for Educational Achievement Inc reported income of $4.8m and spending of $4.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.8m to $4.8m (-0.2%), an average of +-0.0% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Institute for Educational Achievement Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Winston School ($4.8m), Sigma Phi Epsilon Educational Foundation ($4.8m) and New City School ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $523k (11% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.7m against liabilities of $915k, net assets of $7.8m. It reported 65 employees.