Jefferson Educational Society of Erie

Analysis

Jefferson Educational Society of Erie is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Jefferson Educational Society of Erie reported income of $1.4m and spending of $1.5m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.4m (+39%), an average of +8.5% a year. The sharpest change came in the year to August 2022, when income rose by 79%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jefferson Educational Society of Erie sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Utah Museum of Contemporary Art ($1.4m), Teachers and Writers Collaborative Inc ($1.4m) and Craft Alliance ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 4.8% of the total. Other salaries and wages came to $606k. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.6m. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.