Educare DC

Analysis

Educare DC is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Educare DC reported income of $14.6m and spending of $14.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $14.6m (+86%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 227%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Educare DC 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 96th percentile, and in the 91st percentile within DC. Charities of a similar size with the same main cause include Centennial Housing & Community Services Corporation ($14.6m), YMCA ($14.6m) and Gay and Lesbian Community Center of Southern Nevada Inc ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $486k (3.4% of expenses). Other salaries and wages came to $6.5m. It paid $97k in professional fundraising fees. At year end it held assets of $25.7m against liabilities of $5.8m, net assets of $19.9m. It reported 189 employees.