Seton Education Partners

Analysis

Seton Education Partners is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Seton Education Partners reported income of $25.2m and spending of $21.3m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $25.2m (+295%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Seton Education Partners sits at the 98th 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 96th percentile within NY. Charities of a similar size with the same main cause include Community Foundation of Abilene ($25.0m), United Way of Tarrant County ($25.3m) and San Angelo Area Foundation ($25.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $5.0m (23% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $117.7m against liabilities of $104.8m, net assets of $13.0m. It reported 67 employees.