Association of Educational Service Agencies Foundation

Analysis

Association of Educational Service Agencies Foundation is a registered charity in United States, based in Cheshire, CT. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Association of Educational Service Agencies Foundation reported income of $54k and spending of $44k, spending 83% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $70k to $54k (-24%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association of Educational Service Agencies Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within CT. Charities of a similar size with the same main cause include Borbone Brigante Inc ($53k), Saidiana ($54k) and Livable Wage Jobs Inc ($53k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $270k against liabilities of $1,973, net assets of $268k.