Entrepreneurial Ventures in Education

Analysis

Entrepreneurial Ventures in Education is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in February 2010, 16 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, Entrepreneurial Ventures in Education reported income of $19.4m and spending of $16.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $19.4m (+200%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Entrepreneurial Ventures in Education 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 MA. Charities of a similar size with the same main cause include Illinois Masonic Charities Fund ($19.4m), Cape Fear Academy Inc ($19.4m) and Odyssey 2020 Academy Inc ($19.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $12.5m. At year end it held assets of $8.6m against liabilities of $8.7m, net assets of -$140k. It reported 863 employees.