Eac Inc

Analysis

Eac Inc is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in March 1973, 53 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 2023, Eac Inc reported income of $32.2m and spending of $32.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.2m to $32.2m (+10%), an average of +2.5% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eac Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Action Pact Inc ($32.2m), Legal Services of the Hudson Valley ($32.3m) and Center on Budget and Policy Priorities ($32.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $1.0m (3.2% of expenses). Other salaries and wages came to $19.0m. At year end it held assets of $20.5m against liabilities of $14.8m, net assets of $5.8m. It reported 594 employees.