Spanish Education Development Center

Analysis

Spanish Education Development Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 1971, 55 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 June 2024, Spanish Education Development Center reported income of $5.4m and spending of $4.1m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.8m to $5.4m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Spanish Education Development Center 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 92nd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include San Francisco Chamber of Commerce Foundation ($5.4m), Partnership Resources Inc ($5.4m) and Providence General Foundation ($5.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 11% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $12.4m against liabilities of $3.8m, net assets of $8.5m. It reported 67 employees.