Edsys Inc

Analysis

Edsys Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2002, 24 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 2024, Edsys Inc reported income of $15.0m and spending of $13.9m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $12.3m to $15.0m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edsys Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Deutscher Schulverein Washington D C ($15.0m), College Achieve Public Charter Schools Inc ($15.0m) and Centennial Place Academy Inc ($15.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $215k (1.5% of expenses). Other salaries and wages came to $6.3m. At year end it held assets of $15.2m against liabilities of $5.4m, net assets of $9.8m. It reported 157 employees.