The Nea Foundation for the Improvement of Education

Analysis

The Nea Foundation for the Improvement of Education is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1969, 57 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 August 2023, The Nea Foundation for the Improvement of Education reported income of $3.2m and spending of $5.9m, spending 181% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.4m to $3.2m (-27%), an average of -7.6% a year. The sharpest change came in the year to August 2022, when income rose by 367%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Nea Foundation for the Improvement of Education sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Sankofa School of Success Inc ($3.2m), Strake Jesuit Foundation ($3.2m) and Community Christian School of Willmar ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $753k (13% of expenses). Other salaries and wages came to $831k. At year end it held assets of $47.2m against liabilities of $2.4m, net assets of $44.9m. It reported 19 employees.