Eastside Academics Foundation

Analysis

Eastside Academics Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in March 2017, 9 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, Eastside Academics Foundation reported income of $1.9m and spending of $1.5m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.9m (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Eastside Academics Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WA. Charities of a similar size with the same main cause include St Johns Academy Private School Inc ($1.9m), North Bronx National Council Negro Women Child Development Ctr Inc ($1.9m) and Wayman Academy of the Arts Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $87k (5.6% of expenses). Other salaries and wages came to $762k. At year end it held assets of $456k against liabilities of $7,625, net assets of $449k. It reported 27 employees.