Maiden Lane Educare

Analysis

Maiden Lane Educare is a registered charity in United States, based in Springfield, OH. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Maiden Lane Educare reported income of $316k and spending of $315k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $316k (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maiden Lane Educare sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Birch School Inc ($316k), Wildflower Foundation ($316k) and Green Hope High School Band Boosters ($316k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $47k (15% of expenses). Other salaries and wages came to $168k. At year end it held assets of $117k against liabilities of $0, net assets of $117k. It reported 16 employees.