Gananda Education Corporation

Analysis

Gananda Education Corporation is a registered charity in United States, based in Macedon, NY. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a governmental unit under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gananda Education Corporation reported income of $96k and spending of $219k, spending 228% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $104k to $96k (-7.6%), an average of -1.9% a year. The sharpest change came in the year to December 2023, when income rose by 402%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gananda Education Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Sherman Preschool ($96k), Moaacc Scholorship Corporation ($96k) and Northern Lake County Conference ($96k).

At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.