Edison Welding Institute Inc

Analysis

Edison Welding Institute Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Edison Welding Institute Inc reported income of $29.5m and spending of $33.2m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $31.5m to $29.5m (-6.4%), an average of -1.6% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Edison Welding Institute Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include T R W I B Inc ($29.3m), Behavior Analyst Certification Board Inc ($29.5m) and J M Murray Center Inc ($29.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.4m (4.3% of expenses). Other salaries and wages came to $14.9m. At year end it held assets of $22.6m against liabilities of $13.2m, net assets of $9.4m. It reported 174 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.