Education Leads to Success Foundation

Analysis

Education Leads to Success Foundation is a registered charity in United States, based in Bartonville, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Education Leads to Success Foundation reported income of $865k and spending of $3.1m, spending 360% of what it took in. Across the 5 years on record, from December 2017 to December 2022, income grew from $616k to $865k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 309% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Education Leads to Success Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Cobb County Public Schools Educational Foundation Inc ($865k), Accademia Dell Arte ($865k) and Ross Mathematics Foundation ($865k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 58% of the total. Other salaries and wages came to $64k. At year end it held assets of $19.8m against liabilities of $25.2m, net assets of -$5.4m. It reported 2 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.