Educational Resources Inc

Analysis

Educational Resources Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in July 1959, 67 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Educational Resources Inc reported income of $10.1m and spending of $10.5m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $10.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Educational Resources Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Astraea Foundation Inc ($10.1m), Ridc Southwestern Pennsylvania Growth Fund ($10.1m) and Bond Community Health Center Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $408k (3.9% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $22.2m against liabilities of $5.7m, net assets of $16.5m. It reported 193 employees.