Array Education Inc

Analysis

Array Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2008, 18 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 June 2023, Array Education Inc reported income of $20.9m and spending of $18.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $20.9m (+116%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 114%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Array Education Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Saint Augustines College ($20.9m), The Foundation for Fresno Unified Students ($20.9m) and Walsh College of Accountancy and Business Administration ($20.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $1.0m (5.7% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $57.3m against liabilities of $1.1m, net assets of $56.2m. It reported 83 employees.